Condobolin, New South Wales

PASSIVE FREEHOLD INVESTMENT YIELDING 8%

$835,000

Property 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

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers
Jim McDonald Brokers

Jim McDonald Brokers

Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

NORTH QUEENSLAND LEASEHOLD MOTEL , 40% RETURN AND 25 YEAR LEASE. FULLY RENOVATED!
Business For Sale - Family Friendly Permanent in Robina Area - ID 9017 BL
Easy and Solid Management Rights & Not Required to Live On-site!
Bass & Flinders Motor Inn, Excellent Business, Property & Opportunity, FHGC $1.6 Mill
Business For Sale - Stunning Waterfront Golf Resort - ID 7921 BL
Tassie East Coast Management Rights Income $75,000 approx, 3bdr unit +studio 0/0 $450K
80HF - THE ICONIC COUNTRY PUB IN THE WESTERN DISTRICTS IS UP FOR GRABS
1266ML - WORK FROM HOME - REFURBISHED AS NEW LEASEHOLD BUSINESS
61ML - SOLID NEW ENGLAND LEASEHOLD BUSINESS IN THE HEART OF TOWN
MR Business for Sale: Central Location together with Solid Income in Sunnybank Hills, Brisbane.
30 Acre Caravan Park with Direct Access to a Tropical Coastline - 1P5003CP
2489MF - A RARE COASTAL FREEHOLD WITH AN EXCITING OPPORTUNITY
Brand new lease in North East Victorian tourist hot spot
Leasehold For Sale - Horse & Jockey Hotel, Tarcutta NSW - 1P0053
A spacious, tropical setting with plenty of room for growth. | Resort Brokers ID : FH006745
1254ML - BLUE-CHIP CORPORATE LEASEHOLD, LIVE OFFSITE IN THE COUNTRY MUSICAL CAPITAL
Now is the time to buy into the home improvement market!  Franchises available Australia wide
Now is the time to buy into the home improvement market!