Condobolin, New South Wales

FREEHOLD - IDEAL TO SELL OFF LEASE. - 18% YIELD

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).

* Adjusted profit of $202585 T/O 2019 $ 313 915
* 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 property is currently performing well under management, indicating potential for even higher profits with hands-on owner/operator involvement.

2. The property has a high adjusted profit of $202,585 and a strong turnover of $313,915 in 2019.

3. The 25 units have a 3.5 star rating, indicating a high level of customer satisfaction and potential for increased revenue with improvements and upgrades.

4. The large renovated residence with 2 bedrooms, lounge, family room, and ample storage provides comfortable living for the owner/operator.

5. The property has a large 14.5 Kw solar system, potentially reducing operating costs and increasing profitability.

6. The well-equipped kitchen allows for efficient and cost-effective food preparation for guests.

7. Tariffs range from $95 to $160, providing a diverse range of options for guests and potential for increased revenue.

8. The property has potential for growth through better utilization of search engines and the creation of a website, as it currently does not have one.

9. The property has a high yield of 18%, making it an attractive investment opportunity for potential buyers.

10. The property is an ideal starter for a new owner/operator, providing a solid foundation for a successful hospitality business.
Listing location

This Business is sold

Listing Tools

Management Rights

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