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
Key Investment Insights
1. The property is a motel with 25 units and a 2-bedroom residence, located in a town with potential for growth.
2. The current management is performing well, with an 8% yield on the investment.
3. The prospective new tenants are experienced and confident about the business and its condition.
4. The business has potential for growth through better utilization of search engines and the creation of a website.
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, which is CPI indexed, is only 33% of the total adjusted net profit.
7. The motel has a 3.5-star rating.
8. The residence has been recently renovated and includes 2 bedrooms, a lounge, family room, and ample storage space.
9. The property has a large, well-equipped kitchen.
10. The tariffs for the motel range from $95 to $160 per night.
11. The property also has a 14.5 Kw solar system, which can help reduce operating costs.
