Sold
Hotel/Leisure

53- 55 Ford Street Hermit Park, QLD 4812

Sold for $1,575,000 on 4 Aug 2023
  • Building: 900m²
  • Land: 2,094m²
Agents

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Hotel/Leisure in Hermit Park

Price reduced on this freehold residential accommodation business

  • Building: 900m²
  • Land: 2,094m²

Port of Call Accommodation has been in the same hands for 50 years and is now offered to the market.

The property comprises a 4 bedroom managers residence with covered in ground pool plus 24 guest rooms
(3 ensuite) with common area kitchens, ablutions, laundry and storage facilities plus 9 under cover carparks.

The facility enjoys a central location close to Hermit Park Shopping Centre, Mater Hospital, GP Super Clinic, cafes, hotel & bus route.

Well established business with regular clientele and existing cash flow circa $162,000 p.a.

4 bedroom home with pool capable of $25,000 p.a. or up to $40,000 p.a. as a share house.

Secure irrigated garden setting with underground water and pump.

Offered for sale individually or in one line.

Building:

900m²

Land:

2,094m² / 0.52 acres

Zone:

Low Density Residential

Tenancy:

Tenanted

Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply

53- 55 Ford Street, Hermit Park, QLD 4812