PRIME INVESTMENT OPPORTUNITY
PROMINENT KING STREET BUILDING FOR SALE
Webster Cavanagh Rural is pleased to present ‘The Club Hotel’ – 71 King Street to the market. Located in the heart of Clifton, this property is a truly rare opportunity to invest in a growing rural community situated between the increasingly popular cities of Toowoomba and Warwick. With a long-term tenant in place and a strong yield of approximately 13%, this well-known main street building provides the opportunity to purchase a solid and rewarding freehold investment.
THE CLUB HOTEL Term of Lease: 9 years remaining from 10 year lease Current Rent: $45,760 PA (include. GST) Rental Yield: 13.26% Particulars: Tenant pays all outgoings Full inventory list available upon request
DETAILS OF THE PREMISES: • Public bar, including bottle shop • Two separate dining rooms (capacity 60 diners) • Fully equipped kitchen • 5 x accommodation rooms (2 with ensuites) • Communal guest kitchenette • Manager’s Residence with spacious loungeroom, bedroom, walk-through wardrobe and ensuite • Upstairs balcony overlooking town centre • Rear Outdoor Lounge area • Back Entrance – Smoking zone • Storeroom • Men’s and women’s toilets • 4 bay powered and concreted lockable shed • 2 x 20ft shipping containers
FREEHOLD PARTICULARS: Land Area: 1,000m2 RPD: L4 RP1737 Tenure Type: Freehold Zoning: Major Centre Local Council: Toowoomba Regional Council Location: 45km directly south of Toowoomba, 45km north of Warwick, 160km south-west of Brisbane, 200km east of Gold Coast Rates: $4,605.10 net/half year Water Rates: $258.73 net/half year
Clifton is a growing rural town with easy access to the New England Highway, just ten kilometres to the east. The town boasts an abundance of services including a wide range of sporting clubs and facilities. Clifton is a popular choice of residence due to the town’s conveniences, peaceful lifestyle, friendly community and suitable location.
To arrange an inspection or for more information, please contact Jules Coutts.
