146 Bourke St, Dubbo, New South Wales

LEASEHOLD 30 YEARS GREAT STARTER - DUBBO

SOLD

Business Description

FINANCIALS 2018 Adjusted Net profit to tenant after rent $135 599
Rent $85 000 + GST Only 38.6% of total profit
NEW 30 year Lease!!!
* All 13 rooms have been fully refurbished.
* All rooms have full cooking facilities -stove top, sink and micro wave oven.
* Studio unit for residence with new bathroom/laundry
* Guests have coin operated laundry facilities
* Ample sealed parking
* Pool surrounds have recently been renovated
* All has been done - ready for low maintenance operation
* 5 kw solar system - great saver

Business Summary

Business Snapshot

Price: SOLD Net Profit: $135,599
Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Key Investment Insights

1. The business has a long lease of 30 years, providing stability for the new owner.
2. The adjusted net profit for 2018 was $135,599, providing a strong return for the tenant.
3. The rent is $85,000 + GST, which is only 38.6% of the total profit, making it an affordable option for the tenant.
4. All 13 rooms have been fully refurbished, providing a modern and attractive accommodation option for guests.
5. The rooms have full cooking facilities, including a stove top, sink, and microwave oven, making it a convenient choice for guests.
6. The property includes a studio unit for the residence, with a new bathroom and laundry, providing a comfortable living space for the owner.
7. Guests have access to coin-operated laundry facilities, providing an additional source of income for the business.
8. The property has ample sealed parking, making it convenient for guests with vehicles.
9. The pool surrounds have recently been renovated, providing a pleasant and inviting atmosphere for guests.
10. The property is low maintenance, with all necessary renovations and updates already completed.
11. The business has a 5 kW solar system, providing cost savings for the owner.
12. The business is located in Dubbo, a popular tourist destination, providing a steady stream of potential guests.
13. The business is a great starter option for someone looking to enter the hospitality industry, with all necessary updates and renovations already completed.
14. The long lease and low rent make this business an attractive investment opportunity.
15. The business is ready for immediate operation, with no additional renovations or updates required.

ROI Estimate: 34.33%

Listing location

This Business is sold

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