21 William, Condobolin, New South Wales

LEASEHOLD - NEW 30 YEAR LEASE - YIELDING 47% - LOW RENT

SOLD

Business Description

This property will be a great starter for the owner/operator. It presently is performing well under management.
This performance can be enhanced with better utilisation of search engines and a web site (currently does not have one).

* 30 year lease showing adjusted profit of $125.585 T/O 2019 $ 313 915
* Rent of $77,000 is only 38% of Total Adjusted Net Profit
* 25 units of 3.5 star rating.
* Large renovated residence - 2 bedrooms, lounge , family and ample storage.
* 14.5 Kw solar system
* large well equipped kitchen
* Tariffs range from $95 to $160

Business Summary

Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Key Investment Insights

1. The business is currently under management and has potential for increased profitability with better utilization of search engines and a website.
2. The property has a 30-year lease and a low rent of only 38% of the total adjusted net profit.
3. The business has a strong adjusted profit of $125,585 and a turnover of $313,915 in 2019.
4. The property has 25 units with a 3.5 star rating.
5. The residence on the property has been renovated and includes 2 bedrooms, a lounge, family room, and ample storage.
6. The business has a large, well-equipped kitchen.
7. The property has a 14.5 Kw solar system, potentially reducing energy costs.
8. The business offers a range of tariffs from $95 to $160, providing potential for different customer segments and revenue streams.
Listing location

This Business is sold

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