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35 First Street, Katherine, NT 0850

35 First Street, Katherine, NT 0850

Hotel/Leisure

  • For Sale
  • Contact Agents
  • Sale by Negotiation
  • Under Contract

  • Land Area
  • 0.40ha (1.00 acre) (approx)
  • Floor Area
  • 2,021 m²
  • Last Updated
  • Nov 26, 2022

Additional Details


Interested in this property? Contact an Agent today

Colliers - Darwin

13 Cavenagh Street

Darwin City NT 0800

First Class Investment - Paraway Motel Katherine Freehold

Occupying a prominent corner site comprising four (4) allotments and having a total area of 4,049m2, zoned (CB) Central Business.

The property consists of a fifty six (56) room motel, known as the Paraway Motel. Comprising a reception, bar, restaurant, commercial kitchen and manager's flat. Other improvements include in-ground swimming pool, outdoor dining area, landscaped gardens, a large car parking area, boundary fencing and maintenance shed.

The property is subject to a 10 year lease which commenced 14 May 2015 with a current rental of $250,000 per annum (GST Exclusive)

Key Investment Highlights:

* 2,021m2 building area
* 4,049m2 site area
* 3.5 stars rating
* $250k P.A. current rental (exclusive gst)
* Long term lease
* 56 motel rooms
* Zoning (CB) Central Business
* 45 car parking bays

For more information contact Colliers exclusive marketing agents.

35 First Street, Katherine, NT 0850

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