Sold
11 Albert Street & 50 - 52 Bolsover Street,
Rockhampton City 4700, Queensland
Price withheld
Property details
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Agents
Sold by Stephen and Elliot Kidd
The Cosmopolitan Motel and Malaysia House restaurant complex is located on the corner of Albert and Bolsover Street in the heart of Rockhampton, comprising the Cosmopolitan Motel, Serviced Apartments & Malaysia House Restaurant
and a small property management company.
The Cosmopolitan Motel and Apartments occupy almost 90% of the building and have been operating on site since the property's construction in 2001. The past 7 years of income for this business has also been included the IM to
demonstrate the consistency of the business and its steady income growth. Aside from the two years of COVID, the business has seen an average growth in income by approximately 2% per annum (or 11% since 2015).
Malaysia House is a restaurant located on the ground floor of 50 and 52 Bolsover Street and occupies 12 % of the total GFA. Malaysia house has been successfully trading in location for over 8 years and just recently re-signed for a new 5 +
5-year lease. The final tenant is Xception Property who are a newcomer to the complex on a 1+1-year lease from December 2021. They operate a property management business from the location.
Elliot and I look forward to speaking with you to discuss how you can buy this quality investment.
and a small property management company.
The Cosmopolitan Motel and Apartments occupy almost 90% of the building and have been operating on site since the property's construction in 2001. The past 7 years of income for this business has also been included the IM to
demonstrate the consistency of the business and its steady income growth. Aside from the two years of COVID, the business has seen an average growth in income by approximately 2% per annum (or 11% since 2015).
Malaysia House is a restaurant located on the ground floor of 50 and 52 Bolsover Street and occupies 12 % of the total GFA. Malaysia house has been successfully trading in location for over 8 years and just recently re-signed for a new 5 +
5-year lease. The final tenant is Xception Property who are a newcomer to the complex on a 1+1-year lease from December 2021. They operate a property management business from the location.
Elliot and I look forward to speaking with you to discuss how you can buy this quality investment.
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Contact Stephen Kidd
Contact Stephen Kidd
Stephen Kidd
11 Albert Street & 50 - 52 Bolsover Street, Rockhampton City QLD 4700
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Stephen Kidd
11 Albert Street & 50 - 52 Bolsover Street, Rockhampton City QLD 4700