36 Miles StreetMount Isa City QLD 4825
Property Details for 36 Miles St, Mount Isa City
Last Listing description (March 2019)
Premier Business Sales have been appointed as Agents to market the Freehold Passive Investment interest of this Motel , located Queensland.
The Motel comprises 56 rooms over various configurations, a licensed bar and restaurant that seats approximately 46, and a 1 bedroom, fully self-contained Managers residence.
The business consistently trades with a very high level of repeat business from the Corporate and Leisure markets.
Lease has 40 years remaining
This is a rare opportunity to enter the Motel Passive market.
Property Code: 65
Property History for 36 Miles St, Mount Isa City, QLD 4825
- 29 Jan 2019Listed for Sale $3,300,000
- 02 Aug 2013Listed for Sale EXPRESSIONS OF INTEREST CLOSING 10TH SEPTEMBER
- 26 Aug 2010Sold for $6,120,000
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0About Mount Isa City 4825
The size of Mount Isa City is approximately 0.5 square kilometres. The population of Mount Isa City in 2011 was 217 people. By 2016 the population was 89 showing a population decline of 59.0% in the area during that time. The predominant age group in Mount Isa City is 20-29 years. Households in Mount Isa City are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mount Isa City work in a professional occupation. In 2011, 31% of the homes in Mount Isa City were owner-occupied compared with 32.4% in 2016..
Mount Isa City has 226 properties. Over the last 5 years, Houses in Mount Isa City have seen a 11.60% increase in median value. As at 31 October 2024:
- The median value for Houses in Mount Isa City is $225,827 while the median value for Units is $193,514.
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