18 Toomey StreetYarraman QLD 4614
Property Details for 18 Toomey St, Yarraman
Last Listing description (September 2021)
This two storey substantial country hotel complex in Yarraman Queensland is offered for sale with a new 5 year lease which commenced May 2021, with 4 further 5 year option terms. The property consists of public & lounge bars, poker machines, a large TAB section with multiple screens, pool table, BBQ, bistro & dining room with offsite catering, bottle shop and entertainment garden open till midnight.
Flexible accommodation is available with all rooms having new beds, bedspreads, carpet, digital TVs and a fridge. Parking is not a problem with ample space for even the largest caravan or RV.
The Royal Hotel is within 1 hours of Brisbane at the beginning of New England Highway on the D'Aguilar Highway, an ideal location to stop for all travelers. It has been a part of Yarraman since they had to mow the main street.
This freehold investment opportunity has the luxury of a new long-term lease to experienced operators with an excellent trading record which easily supports the commencing rent of $120,000pa + GST and the tenant pays 100% of the outgoings.
Property History for 18 Toomey St, Yarraman, QLD 4614
- 03 Sep 2021Sold for $1,120,000
- 05 Aug 2021Listed for Sale Price on Application
- 21 May 2021Listed for Sale $1,250,000
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About Yarraman 4614
The size of Yarraman is approximately 128.5 square kilometres. It has 4 parks covering nearly 31.9% of total area. The population of Yarraman in 2011 was 1,230 people. By 2016 the population was 1,059 showing a population decline of 13.9% in the area during that time. The predominant age group in Yarraman is 60-69 years. Households in Yarraman are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Yarraman work in a labourer occupation. In 2011, 65.2% of the homes in Yarraman were owner-occupied compared with 70.9% in 2016.
Yarraman has 739 properties. Over the last 5 years, Houses in Yarraman have seen a 136.28% increase in median value, while Units have seen a 40.50% increase. As at 30 September 2024:
- The median value for Houses in Yarraman is $371,405 while the median value for Units is $304,348.
- Houses have a median rent of $363.
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