Jared Johnson & Lachlan Marshall from Harcourts Coastal Commercial have the exclusive privilege to offer to the market 'Gladstone Capricorn Apartments'. The site consists of 3 freestanding buildings that accommodate 22 studio apartments. The property is being offered to the market on a strong lease back option or vacant possession.
Gladstone has recently had the green light on a number of major projects on a state and national level creating thousands of jobs to the region.

A copy of a detailed Information Memorandum will be made available to approved parties upon request and incorporates all investment information.

Lease Back;
• $90,000 p.a + GST + All Outgoings
• 3 Year Lease + 2 x 3 Year Options
• 3% Annual Increases
• Strong Bond

Vacant Possession;
• Run the business as is or turn into medium/long term rentals.
• Business currently averaging over $20,000 per month consistently in turnover (books can be provided on request)
• Medium term rentals to achieve around $350 per week
• Short term stay to achieve $80 per night

• Land size 1,381m2*
• 22 serviced studio apartments


Based in the heart of Gladstone with a shortage of affordable accommodation Capricorn Apartments has a small amount of competition. Only a short walk to restaurants, taverns, office prescient, shopping centres, government buildings and the Marina.

The owners have committed elsewhere and need to clear this property on or before the Expression of Interest closing.



*Approximately

Disclaimer:
Harcourts Coastal Commercial has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Beyond Commercial Pty Ltd trading as Harcourts Coastal Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.