SOLD
Sold on 23 Feb 2024 for $1,010,000

121-125 Macmillan Street
Ayr QLD 4807

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2023m2
Save

Property Details for 121-125 Macmillan St, Ayr

Building Type
Commercial
Land Size
2023m2
Local Government
Burdekin
Lot/Plan
1/RP708900

Last Listing description (March 2024)

Are you seeking a golden opportunity to secure a long term investment opportunity? NAI Harcourts Property Centre presents an exceptional tenanted motel investment located at 121-125 MacMillan Street in Ayr, North Queensland. This investment gem offers a unique chance to enhance your financial future in the heart of Ayr's vibrant township.

Prime Location: Nestled in the central business district of Ayr, this 16-room motel thrives in a sought-after, bustling location that ensures a steady stream of guests year-round.

Versatile Accommodations: The motel boasts well-appointed rooms designed to cater to a diverse range of guest needs, guaranteeing a consistent flow of patrons throughout the year.

Comprehensive Amenities: With ample guest parking, a spacious 4-bedroom manager's residence, an office, and a welcoming 100*-seat restaurant, this property provides a comprehensive package that delights both guests and investors.

Secure Investment: Enjoy peace of mind with a long lease in place, extending until 2030, with an additional 5 sets of 5-year options. A strong annual net rent return of $96,481* + GST secures your investment.

Double the Advantage: The property encompasses two titles, allowing for increased flexibility and potential for future developments.

Flourishing Community: Ayr's vibrancy is fueled by a mix of tourism, thriving commercial activity, and a solid agricultural industry, ensuring a constant flow of guests.

Commercial Zoning: Situated on 2,023sqm* of Zoned "Centre" Land, this investment offers flexibility for various uses and future developments.

This extraordinary opportunity beckons you to secure a prosperous future in the ever-popular motel investment sector. With a lengthy lease, healthy return on offer, and a strategic location, you can confidently enter the exclusive world of passive investment accommodations. Seize this golden opportunity and secure your financial future.

Don't let this chance slip contact Nathan O'Neill today to discover more about this exceptional investment.

- *Approx
- Outlines are Indicative and may not be accurate

Property History for 121-125 Macmillan St, Ayr, QLD 4807

A timeline of how this property has performed in the market
Last Sold
$1,010,000
23 Feb 2024
  • 23 Feb 2024
    Sold for $1,010,000
  • 23 Oct 2023
    Listed for Sale Offers Over $1,000,000
  • 13 Apr 2015
    Listed for Sale Not Disclosed
Sign in to see more transactions

Commute Calculator

About Ayr 4807

The size of Ayr is approximately 29.1 square kilometres. It has 16 parks covering nearly 5.8% of total area. The population of Ayr in 2011 was 8,883 people. By 2016 the population was 8,741 showing a population decline of 1.6% in the area during that time. The predominant age group in Ayr is 60-69 years. Households in Ayr are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Ayr work in a labourer occupation. In 2011, 64.8% of the homes in Ayr were owner-occupied compared with 63.9% in 2016.

Ayr has 4,810 properties.

    There are currently 131 properties listed for sale, and 13 properties listed for rent in Ayr on OnTheHouse. According to CoreLogic's data, 239 properties were sold in the past 12 months in Ayr.

    Suburb Insights for Ayr 4807

    Market Insights
    Trends for Houses
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Trends for Units
    Median Value

    N/A

    -
    View Trend
    Median Growth

    N/A

    View Trend
    Median Rent

    N/A

    -
    View Trend
    Rental Yield

    N/A

    -
    View Trend


    Median Value over 1 year
    Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
    Neighbourhood Insights
    Age
    Household
    Occupancy
    No data to show
    Contact agent
    Nathan O'Neill
    Show contact details
    Harcourts Property Centre
    Preferred contact:
    Disclaimer
    Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.