Coonabarabran, New South Wales
1632ML - A Leasehold Motel That Ticks All The Boxes!
SOLD
Business Description
- 37 Units with Turnover in the mid $600,000's
- Showing a very healthy 37 % Return with attractive Rent ratio
- Long Lease Term
- 20 Units recently fully refurbished
- Walking distance to Bowls Club and Restaurant
- Great location on the busy Newell Highway
- Co-operative Landlord with Annual Rent Re-investment
- Contact us now for further details and to arrange you inspection!
This motel at Coonabarabran has got it all! It's a big 37 unit motel on the busy Newell Highway, within walking distance to a Bowls Club and Chinese Restaurant. The Turnover is consistently in the mid $600k's, there’s a long 26 years left on the lease and it has a very attractive rent to turnover ratio.
Th units present very well and there is a good mix to cater for all clientele. The landlord reinvests $5,000 annually to assist in maintenance of the property.
It's a Leasehold that deservers your closest attention, but don't delay - good properties like this are scarce!
Net profit $255,795 for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1632ML (quote when enquiring)
Property Code: 2820
Business Summary
Key Investment Insights
1. The motel has a high return rate of 37%, making it a profitable investment opportunity.
2. The lease term is long, providing stability and potential for long-term growth.
3. A significant portion of the units have been recently refurbished, making them attractive to customers.
4. The motel is conveniently located within walking distance to a Bowls Club and Restaurant.
5. Its location on the busy Newell Highway ensures a steady flow of customers.
6. The landlord is cooperative and reinvests in the property annually.
7. The property has a good mix of units to cater to different types of clientele.
8. The landlord reinvests $5,000 annually for maintenance, ensuring the property remains in good condition.
9. The property has consistently high turnover in the mid $600,000's.
10. The net profit for 2017/18 was $255,795.
11. The property is in high demand and good properties like this are scarce.
12. Contact David Head from Tourism Brokers for further information or to arrange an inspection.
13. Property ID: 1632ML (quote when enquiring).
14. Property Code: 2820.
