Broken Hill, New South Wales
224MI - Rare Find: Position, Income and Long-term Agreement
SOLD
Business Description
- Position – Position – Position.
- Long Term lease with a solid tenant. (40 years) 10 year lease plus 3 options of 10 years.
- The existing business offers an easy lifestyle for a couple with a profitable bottom line for the operator.
- Well maintained low maintenance structure in good condition.
- Located in the magnificent city of Broken Hill. A short walk along the street and you are right in the CBD with everything it has to offer by way of restaurants, clubs, shops, etc.
- Ground floor units for easy operation. A total of 13 units plus office, no need for the owner to live onsite.
- Solid, growing business.
- Room for additional units and expansion.
- This motel is amongst the better performing accommodation businesses in Broken Hill.
A perfect location at the traffic lights on Argent Street, located at the Western end of the shopping precinct. Situated on a large block of land (approximately 2,000 sqm) with plenty of room for parking or redevelopment.
Phone today for comprehensive details.
Annual Rent: $88,000 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 224MI (quote when enquiring)
Location: Broken Hill is located on one of two main access roads providing access between Sydney/Brisbane and Adelaide. It is situated 1,067 kms west of Sydney and 508 km north east of Adelaide. The town supports a large silver, lead and zinc mining operation (operated by Perilya Limited) together with a recently developed mineral sands mine.
Broken Hill is a city that has reinvented itself. It's a city basking in a colourful history - from its early origins as a place on the edge of the central desert, where vast riches in minerals were drawn from its very foundations to a vibrant and commercial, arts, and tourism centre.
Broken Hill boasts community infrastructure that is the envy of many larger communities and it is now a hub for a very rich tourism Industry. Along with its own attractions including a large art industry, it is the hub for the diverse outback tourism experiences of the region with excellent transport options of rail, road and air. Broken Hill Airport is located 6 km from Broken Hill’s town centre.
Property Code: 3436
Business Summary
Key Investment Insights
1. Prime location on Argent Street in Broken Hill, a popular and thriving tourist destination with a rich history and diverse tourism experiences.
2. Long-term lease with a solid tenant, providing a stable and reliable income for the owner.
3. Easy lifestyle for a couple to operate the business with a profitable bottom line.
4. Well-maintained low maintenance structure in good condition, reducing operating costs for the owner.
5. Close proximity to the CBD and all its amenities, including restaurants, clubs, and shops.
6. Ground floor units for easy operation, with a total of 13 units and an office.
7. Solid and growing business with room for additional units and expansion.
8. Large block of land with potential for redevelopment or additional parking.
9. Amongst the top performing accommodation businesses in Broken Hill.
10. Excellent transport options with rail, road, and air access, including a nearby airport.
