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Transact Property Group - Mooloolaba
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2 Crofton Street Bundaberg Central, QLD 4670

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For Sale - Expression of Interest

2 Crofton Street Bundaberg Central, QLD 4670

Hotel & Leisure • Development Sites & Land • Shop & Retail
Sale Price

Expressions Of Interest

Land area

555.0m²

Floor area

1020.0m²

Parking info

On-Street

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$117,845
Number of Tenants
1 Tenant
Tenants / Type
Bundaberg Backpackers

Fully Leased Investment in Regional Hotspot

  • 10-year lease with options until 2040
  • Bundaberg occupancy rate is 62.3%
  • Prime Location
Transact Property Group are delighted to present The Bundaberg Backpackers and Traveller Lodge (est. 1988) to the market for sale via Expressions of Interest.

A renowned working holiday stopover destination for tourists following the implementation of the Australian Governments working holiday visa (subclass 417) regional work requirements, Bundaberg is subject to over 730,000 annual visitors and has enjoyed a 18.9% year on year growth in occupancy rates and a huge 32.7% year on year growth in revenue per room.

Underpinned by a 10 year lease with options until 2040, this asset offers the astute investor the rare opportunity to acquire a centrally located CBD investment, leased to an established tenant in a thriving regional centre.

Features include:
- Backpackers Hostel Established in 1988
- 10-year lease with options until 2040
- 100% of outgoings paid by the tenant
- Approved for 11 rooms and 68 beds
- Bundaberg occupancy rate is 62.3%
- Located in close proximity to an abundance of public transport
- Prime CBD location

Net Income: $117,845* pa + GST

For further details, a copy of the information memorandum or to organise an exclusive inspection please contact Daniel Cullinane of Transact Property Group.

*Approx.

Property ID: 503215170Last Updated: 19 Aug 2019

0431 *** ***
Transact Property Group - Mooloolaba
2 Crofton Street
Bundaberg Central, QLD 4670
Daniel Cullinane

Transact Property Group - Mooloolaba

5a/20 Brisbane Road
MOOLOOLABA, QLD 4557

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Transact Property Group - Mooloolaba

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Transact Property Group - Mooloolaba

5a/20 Brisbane Road
MOOLOOLABA, QLD 4557
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Daniel Cullinane

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Daniel Cullinane
Transact Property Group - Mooloolaba
2 Crofton Street Bundaberg Central, QLD 4670

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Daniel Cullinane

    Daniel Cullinane

    Transact Property Group - Mooloolaba
    0431 *** ***