56 Tenterfield Street

Wallangarra QLD 4383

There is a school, child care centre, police station, post office, cafs, general store, 24 hour petrol station plus a few other shops.

Seasonal workers frequent the vicinity and the current owner has charged $150 per person per week in shared rooms. There are at least 15 double/triple sized bedrooms so over 35 beds available to sell. Check the maths, you don't need many full beds to cover costs.

As of September 18 there are some seniors renting the rooms and the owner currently earns a gross income of $750 per week.

There is also a separate one bedroom apartment which has recently been rented for $185 per week and a Laundromat open to the public and the guests, creating a small income.

The commercial rates are just $3,500 per year inc water availability, just pay for water usage. Electricity and water bills each average $1,000 per quarter ($77 pw) when turning over $3,500 per week.

Other features include:

Residence is modern and fresh with three large bedrooms and three living zones
Four kitchens
Five bathrooms (6 toilets)
Twelve hotel rooms plus four more bedrooms in total
Air conditioning, gas and wood heating in residence
Gas heating in apartment
Fully rewired recently
Wifi hotspot ticket system
Scope to reduce huge residence area to create more rentable space

The owner tells me she is repeatedly asked to provide meals from the travelling public and used to serve food when it was a hotel. If you were so inclined, this could be a great addition.

The building is sound, however some areas of the property could benefit from cosmetic upgrades - this is reflected in the asking price.

There are two adjoining residential blocks that are being offered for sale separately.

Some information supplied by the Vendor.

Please call Carol Axworthy on 0411 229 011 for more details or an inspection.