Dubbo, New South Wales

DUBBO! DUBBO! DUBBO! EVERYONE WANTS DUBBO! - 480MF

FREEHOLD $6,500,000

Business Description

HIGH QUALITY FREEHOLD IN CENTRAL DUBBO, VERY RARE LISTING

The Palms Dubbo comes to the market extensively refurbished and ready to sell! located on Cobra St right in the Dubbo central motel strip and only a stroll to all Dubbos amenities. Brilliant location in one of the NSW premiere motel cities. Hard to find and will sell so enquire quickly or miss out!

Property Highlights:

- Brilliant Location in super busy regional centre.

- 24 Units on large corner block, city centre.

- Extensively Refurbished and Upgraded.

- Easy to Run operation, minimal food component.

- Supports Management Structure.

- Trading with High Occupancy and Even Higher Tariffs.

- Resulting in Very Strong Consistent Profits.

- 23 Bathrooms Fully Renovated at major expense.

- Major external Improvement.

- Two Bedroom Managers Unit.

- Very Busy Motel.

- Solid Investment, You Can’t Go Wrong!

Dubbo is thriving city in the NSW central West with a population of approx. 45,000 residents. It is the central business hub of the region with three major highways intersecting there. The area has many strengths to support the accommodation industry including, primary production, infrastructure, logistic, health, education, tourism the list goes on. Hence huge demand for motel room nights, not to mention the Western Palins Zoo!

Net Profit: $628,744 for 2022/23

Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.

Property ID: 480MF (quote when enquiring)

Property Code: 4746

Business Summary

Marketing Agent
Graham Matthews
Graham Matthews

Key Investment Insights

1. The Palms Dubbo is a highly sought-after property due to its location in the busy regional center of Dubbo.
2. The property has 24 units and is located on a large corner block in the city center.
3. The motel has been extensively refurbished and upgraded, making it an attractive investment opportunity.
4. The business is easy to run with minimal food component and supports a management structure.
5. The motel has high occupancy rates and even higher tariffs, resulting in strong and consistent profits.
6. Major improvements have been made to the property, including the renovation of 23 bathrooms and external improvements.
7. The property includes a two-bedroom manager's unit.
8. Dubbo is a thriving city with a population of approximately 45,000 and is the central business hub of the region.
9. The area has many strengths that support the accommodation industry, including primary production, infrastructure, logistics, health, education, and tourism.
10. The Western Plains Zoo is a major tourist attraction in the area, contributing to the high demand for motel room nights.
11. The projected net profit for 2022/23 is $628,744.
12. Interested buyers should contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
13. The property ID for this listing is 480MF.
14. This is a solid investment opportunity that is not to be missed.
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