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
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.
