Condobolin, New South Wales

PASSIVE FREEHOLD INVESTMENT YIELDING 8%

SOLD

Business Description

This property will be a great starter or addition to your super fund.
Yielding 8% the motel is presently performing well under management.
The prospective new tenants are confident about the business and condition of the motel.
These prospective tenants already own a lease in the same town.
This business performance can be enhanced with better utilisation of search engines and a web site (currently does not have one).

* New 30 year lease showing adjusted profit of $125.585 T/O 2019 $ 313 915
* Rent of $67,000 (CPI indexed) is only 33% 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 property is a passive freehold investment with a yield of 8%, making it a good option for a super fund or as a starter investment.

2. The motel is currently under management and performing well, with a yield of 8%.

3. The prospective new tenants are confident about the business and the condition of the motel, as they already own a lease in the same town.

4. The business performance can be further enhanced by better utilization of search engines and the creation of a website, as the motel currently does not have one.

5. The property comes with a new 30-year lease, showing an adjusted profit of $125,585 and a total turnover of $313,915 in 2019.

6. The rent of $67,000 (CPI indexed) is only 33% of the total adjusted net profit, making it a profitable investment opportunity.

7. The motel has 25 units with a 3.5-star rating, providing a range of accommodation options for guests.

8. The property also includes a large renovated residence with 2 bedrooms, a lounge, family room, and ample storage space.

9. The motel has a 14.5 kW solar system, providing energy efficiency and cost savings for the business.

10. The property also features a large, well-equipped kitchen, allowing for efficient operations and potential for additional revenue streams.

11. The tariffs for the motel range from $95 to $160, providing a diverse range of pricing options for guests.
Listing location

This Business is sold

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