Very strong historical financial figures with a gross ROI of 51% pa approx, net ROI of 14.5% pa approx.
Huge business potential is on offer for the right person. The current business/freehold lease has ended and the owners are looking to find the right person to take on this much loved home/business.
Available Bed & Breakfast business including daily tour bus service and lunch catering. Fully operational Caf/restaurant with liquor license available. Friday night pizza in operation.
The possibilities here are endless, it can be purchased as a large forever home or a business with multiple income stream options. Everything is in place and ready to be 'The Iconic Teahouse' again, as it once was.
This beautiful old Queenslander is full of charm, built in 1929, it could truly tell some stories about the local history. An indoor seating area, bar and outdoor deck space, offer seating for up to 50 guests.
The original farmhouse contains 3 bedrooms, one with ensuite, the other two rooms share a bathroom with a beautiful clawfoot bathtub and separate toilet. There is a lounge area with television and tea/coffee facilities all currently being used for a Bed & Breakfast.
A two-bedroom, one bathroom/toilet flat with large loft bedroom, kitchenette, small office and wood fireplace has later been added to the farmhouse and is being used as the residence.
The commercially approved kitchen has a walk in cold room and licenced bar capable of catering for graduation dinners, birthday parties, Christmas functions, small weddings etc, while the 20kw solar system covers most of the power costs. The caf area has its own wood burning fireplace.
- Beautiful timber home with original silky oak beams
- Bed & breakfast option (with current and future bookings)
- 4,047 m2 with established fruit trees and beautiful Kairi pines
- Liquor licence,
- Commercial kitchen
- Three phase power with 20kw solar system
- Tour bus in place
All information contained herein is gathered from sources we believe to be reliable. This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify the information contained herein
The size of Millaa Millaa is approximately 61.5 square kilometres. It has 3 parks covering nearly 3.8% of total area. The population of Millaa Millaa in 2011 was 598 people. By 2016 the population was 535 showing a population decline of 10.5% in the area during that time. The predominant age group in Millaa Millaa is 50-59 years. Households in Millaa Millaa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Millaa Millaa work in a managers occupation. In 2011, 69.6% of the homes in Millaa Millaa were owner-occupied compared with 75.1% in 2016.
Millaa Millaa has 356 properties. Over the last 5 years, Houses in Millaa Millaa have seen a 50.27% increase in median value, while Units have seen a 324.34% increase. As at 30 November 2024:
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