Coonamble, New South Wales

FREEHOLD GOING CONCERN MOTEL $1,200,00. YIELDING 21.4%. INLAND RAIL CONSTRUCTION TO COMMENCE.

SOLD

Business Description

* Freehold going concern. Potential yield of 21.4%
* 2020- 2021 Covid free T/O $371K Adjusted Profit $257,832
* 2022 - 2023 Covid free T/O $393K Projected profit $255,450
* 20 unit Bed and breakfast motel
* In excess of $250,000 spent on renovations since July 2016
* Under management. Manager willing to stay on.
* All bathrooms have been retiled.
* New 10kw solar system
* electronic key system - allows remote monitoring.
* INLAND RAIL CONSTRUCTION in the Coonamble district about to commence.
* Yearly Profit may increase in excess of $150,000 during the rail construction in the district.

Business Summary

Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Key Investment Insights

1. Freehold going concern with potential yield of 21.4%.
2. Strong financial performance despite COVID-19 pandemic, with projected profits increasing in the next two years.
3. 20 unit bed and breakfast motel with potential for growth.
4. Significant investment in renovations since 2016, indicating a well-maintained and modern property.
5. Under management with a willing manager to stay on, providing a smooth transition for new owners.
6. Recent upgrades to bathrooms and installation of a new solar system, indicating a commitment to sustainability and modern amenities.
7. Located in a district where INLAND RAIL CONSTRUCTION is about to commence, providing potential for increased profits during this period.
8. Potential for yearly profits to increase by over $150,000 during the rail construction period.
9. Diversified income stream from both accommodation and potential for increased business during the rail construction period.
10. Strong potential for long-term growth and profitability, making it a valuable investment opportunity.
Listing location

This Business is sold

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