7 Warren Street, Ingham QLD 4850

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/retirement n- laces), 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 star reviews to date: https://www.airbnb.com/l/T0DUv8zF) . This is an excellent opportunity to buy an exceptional high income producing property, and to live a desirable Far North Queensland lifestyle. The opportunity would perfectly suit a live-in investor or entrepreneurial city dweller, (or business) seeking to relocation 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 Ingham's growing population and the thousands of holiday makers destined for Cairns and beyond.

The property comes furnished and operational with current income, we will consider a land trade, vendor finance for a portion of the sale.

Please contact Nathan.