Mount Isa gem offered to buyers with strong income stream

24 October 2018

A strong performing Mount Isa Motel and Serviced Apartment complex has hit the market for the first time, with the outback gem expected to attract strong buyer interest.

Located at 79-83 Marian Street, the Spinifex is being offered for sale via exclusive marketing agents Leon Alaban, Christian Tsalikis, and Peter Capps of Savills.

Sales Executive of Savills Sunshine Coast, Peter Capps, said the Spinifex Motel and Serviced Apartments offers the future owner a strong income stream.

“The diversified holding ensures security of investment, and is being offered in-one-line or for individual purchase,” Mr Capps said.

The property consists of two lots, occupying a total site area of 4,454sq m, with Lot 803 being home to the Motel, while Lot 806 accommodates the Serviced Apartments.

The Motel features ample accommodation with 34 rooms, an office and reception area, a manager’s residence, plus a restaurant and bar that seats up to 30 guests.

The Serviced Apartment portion of the property consists of five three bedroom apartments, each with two bathrooms plus a lock up garage.

Senior Sales Executive, Christian Tsalikis, said the current owners are motivated to divest the asset.

“The Spinifex offers a flexible investment, suited to either an owner occupier or a private investor looking to expand their portfolio,” Mr Tsalikis said.

The property is ideally located on a prominent corner position, with 65 meters of frontage to the Barkly Highway.

The Motel was constructed in 2006, with the Townhouses a later addition to the site in 2014 benefitting from their modern design.

Offers to Purchase the Spinifex Motel and Serviced Apartments close at 4pm on Wednesday 21 November 2018.

Learn more about Savills Hotels here. 

 
 

Key Contacts

Leon Alaban

Leon Alaban

Director
Hotels

Savills Brisbane

+61 (0) 7 3002 8951

 

Peter Capps

Peter Capps

Executive
Sales & Leasing

Savills Sunshine Coast

+61 (0) 7 5313 7518