Coonabarabran, New South Wales
1630ML - Big Leasehold Motel, Small Price, Huge 46% Return!
SOLD
Business Description
• Low entry price, and big return!
• A big 40 unit Motel situated on the busy Newell Highway
• Set back from Highway on 3 acres of tranquil bush land setting
• Strong Turnover in the high $600k’s
• Lifestyle plus Income
• It deserves your immediate attention
• Contact us now for further details!
Located in Australia's only "Dark Sky Park" at Coonabarabran, the Astronomy Capital of Australia, this motel is a big opportunity at a small price. It offers 40 ground floor units and is situated on the busy Newell Highway being the ideal stopover for Melbourne to Brisbane travelers. Set back from the Highway in a tranquil bush setting with plenty of wildlife, it's a motel with a difference.
There's plenty of space on the big 1.22 Ha site and it has a comfortable two bedroom residence and large private yard.
Showing a huge 46 % return, you can't go past it. Contact us now for your inspection.
Net Profit $182,791 for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1630ML (quote when enquiring)
Location: Coonabarabran is home to more than 3,000 countryside dwellers. The town is located in Warrumbungle Shire in New South Wales. Coonabarabran is 451 kms away from the north-western part of Sydney, 161 kms north-east of Dubbo, 182 kms west of Tamworth, and 120 kms from the south-western region of Narrabri.
This peaceful town is known for its spectacular view of the mountain ranges that outline the area and is a popular gateway to the Warrumbungle Range and the Pilliga Forest. There are museums, caravan parks, observatories, and shopping centers in the area. Camping, star-gazing, and sight-seeing can also be fun activities for the family.
Event: Festival of the Stars in November is a month-long event celebrating arts and astronomy in Coonabarabran.
Property Code: 2800
Business Summary
Key Investment Insights
1. Low entry price and high return make this motel a great investment opportunity.
2. The motel has 40 ground floor units and is situated on the busy Newell Highway, making it an ideal stopover for travelers.
3. The property is set back from the highway in a tranquil bush setting, providing a unique and peaceful experience for guests.
4. The motel is located in Coonabarabran, the Astronomy Capital of Australia, which is home to a Dark Sky Park and offers plenty of opportunities for stargazing and outdoor activities.
5. The property includes a comfortable two bedroom residence and a large private yard.
6. The motel has a strong turnover in the high $600k's, indicating its popularity and success.
7. The property offers a lifestyle and income opportunity for potential buyers.
8. The motel has shown a huge 46% return, making it a highly profitable investment.
9. Coonabarabran is a peaceful town with a population of over 3,000 and is known for its spectacular views of the surrounding mountain ranges.
10. The town offers a range of activities and attractions, including museums, observatories, and shopping centers.
11. The Festival of the Stars in November is a popular event in Coonabarabran, celebrating arts and astronomy.
12. The property is identified as 1630ML and has a property code of 2800.
