45-47 West StreetMount Isa City QLD 4825
Property Details for 45-47 West St, Mount Isa City
Last Listing description (November 2023)
Premier Business Sales are proud to bring to the market this 26 room motel as a Freehold Going Concern, with an excellent opportunity for a new owner to grow the profits. The motel features 26 rooms of various configurations and caters for all your needs.
The property has been run under management for many years and is a great opportunity for an operator who can see the motels potential or somebody looking for a freehold motel with massive upside.
A shed on the property has a lease with income of $50,000 per year to add to the bottom line.
Nett $710,743
Management happy to stay on.
Property Code: 1152
Property History for 45-47 West St, Mount Isa City, QLD 4825
- 21 Sep 2023Listed for Rent $1 / year
- 18 Jul 2023Listed for Sale $3,450,000
- 26 Aug 2010Sold for $2,550,000
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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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