Savills markets Mount Isa motel and apartment complex

A Mount Isa Motel and Serviced Apartment complex has hit the market for the first time.

Located at 79-83 Marian Street, the Spinifex is being offered for sale via marketing agents Leon Alaban, Christian Tsalikis, and Peter Capps of Savills.

Sales Executive of Savills Sunshine Coast, Peter Capps, said the Spinifex Motel and Serviced Apartments offers the future owner a strong income stream.

“The diversified holding ensures security of investment, and is being offered in-one-line or for individual purchase,” Mr Capps said.

The property consists of two lots, occupying a total site area of 4,454 sqm, with Lot 803 being home to the Motel, while Lot 806 accommodates the Serviced Apartments.

The Motel features 34 rooms, an office and reception area, a manager’s residence, plus a restaurant and bar that seats up to 30.

The Serviced Apartment portion of the property consists of five three bedroom apartments, each with two bathrooms plus a lock up garage.

Agent, Senior Sales Executive, Christian Tsalikis, said the current owners are motivated to divest the asset.

The property is located on the and holds 65 meters of frontage to the Barkly Highway.

The Motel was constructed in 2006, with the Townhouses a later addition to the site in 2014.

Offers to purchase the Spinifex Motel and Serviced Apartments close on 21 November.