Broken Hill, New South Wales

2616MF - Huge Upside and Continued Business Growth Ahead

SOLD

Business Description

- Lifestyle and cashflow, this has it all.

- Guests part the car and walk to everything in the CBD and clubs.

- Recently Refurbished and Making Solid Money.

- The owners have done all the hard works and after extensive renovations and refurbishment works have recently been completed.

- 12 rooms, 4 studio apartments, a luxury kitchen and spa apartment, a family room and a luxury 2 bedroom apartment.

- Situated on the main street in Broken Hill, around the corner from the Tourist Information Centre and one block from the CBD.

- 1 bedroom residence with a one bed, lounge, ensuite with access to the main kitchen, reception, back office and food store. Could easily be converted with an adjoining self-contained motel unit with its own kitchenette to make a 2 bedroom unit with the installation of a door.

- All Laundry is done on site with a commercial laundry.

- Guests have access to a coin operated laundrette.

- Barbeque area for guests and easy walking access to the club on the next block the close CBD.

Net Profit: $237,573 for 2018-19; $274,516 estimated for the 2019-20

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2616MF (quote when enquiring)

Property Code: 3418

Business Summary

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Prime location in the CBD and close to clubs, offering convenience for guests.
2. Recently refurbished with extensive renovations and upgrades, making it a modern and attractive accommodation option.
3. Multiple room options including studio apartments, a luxury kitchen and spa apartment, a family room, and a luxury 2 bedroom apartment, catering to a diverse range of guests.
4. Located on the main street in Broken Hill, with easy access to the Tourist Information Centre and the CBD.
5. Potential to convert the 1 bedroom residence into a 2 bedroom unit, increasing the accommodation options.
6. On-site commercial laundry and access to a coin-operated laundrette for guests, providing convenience and cost-saving options.
7. Barbeque area for guests and close proximity to the club, offering additional amenities and entertainment options.
8. Strong financial performance with a net profit of $237,573 in 2018-19 and an estimated $274,516 for 2019-20.
9. Lifestyle and cash flow opportunities for potential buyers.
10. Potential for continued business growth with the thriving tourism industry in Broken Hill.