For Sale By Owner Ingham, Qld 4850
$1,470,000
PRICE REDUCTION: Beautifully Restored income producing Historic 15 room ‘Noorla’ Hotel in Ingham with high returns in the Tropics .
15
5
6
Phone Enquiry ID: 230925
Must Sell: Huge price reduction - Come and live, earn and enjoy life in FNQ. Ingham was rated in 2024 as the 2nd top retirement location in all of Australia (https://www.thenewdaily.com.au/finance/retirement/2024/08/23/retirees-top-ten-places),
Ingham is currently seeing significant growth, and is undersupplied with accommodation. This beautifully restored and historic 1920s 2 storey Hotel has been rejuvenated at great expense, and serves perfectly as a live-in business, it is a remarkable residential property whilst providing the community with valuable accommodation (the hotel retains its Commercial zoning). Recently a 40kw, 90 panel twin inverter Solar system has been installed
The current owners live onsite and provide up to 13 rooms as either overnight, FIFO, or longer term accommodation
(based on 3 rooms, see our AirBnb link for our 84 x 5 sta reviews to date: https://www.airbnb.com/l/T0DUv8zF) . This is an excellent opportunity to buy an bexceptional high income producing property, and to live a desirable Far North Queensland lifestyle. We think the opportunity would perfectly suit a live-in investor or entrepreneurial city dweller, (or business) seeking to relocate to a growing and affordable location. At the current price the ROI is above 10% without advertising. There is also plenty of opportunity to gain a liquor licence, reopen the bar and restaurant (as of right) , and provide a much needed service to Inghams growing population and the thousands of holiday makers destined for Cairns and the Cape.
The property comes fully furnished and operational with current income, we will consider a land trade, vendor finance for a portion of the sale, and flexible terms.
Must Sell: Huge price reduction - Come and live, earn and enjoy life in FNQ. Ingham was rated in 2024 as the 2nd top retirement location in all of Australia (https://www.thenewdaily.com.au/finance/retirement/2024/08/23/retirees-top-ten-places),
Ingham is currently seeing significant growth, and is undersupplied with accommodation. This beautifully restored and historic 1920s 2 storey Hotel has been rejuvenated at great expense, and serves perfectly as a live-in business, it is a remarkable residential property whilst providing the community with valuable accommodation (the hotel retains its Commercial zoning). Recently a 40kw, 90 panel twin inverter Solar system has been installed
The current owners live onsite and provide up to 13 rooms as either overnight, FIFO, or longer term accommodation
(based on 3 rooms, see our AirBnb link for our 84 x 5 sta reviews to date: https://www.airbnb.com/l/T0DUv8zF) . This is an excellent opportunity to buy an bexceptional high income producing property, and to live a desirable Far North Queensland lifestyle. We think the opportunity would perfectly suit a live-in investor or entrepreneurial city dweller, (or business) seeking to relocate to a growing and affordable location. At the current price the ROI is above 10% without advertising. There is also plenty of opportunity to gain a liquor licence, reopen the bar and restaurant (as of right) , and provide a much needed service to Inghams growing population and the thousands of holiday makers destined for Cairns and the Cape.
The property comes fully furnished and operational with current income, we will consider a land trade, vendor finance for a portion of the sale, and flexible terms.
Contact Agent / Owner
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