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 leasehold of 30 years, providing long-term stability for the tenant.

2. The adjusted net profit for 2018 was $135,599, which is a strong financial performance for a starter business.

3. The rent for the property is $85,000 + GST, which is only 38.6% of the total profit, making it a profitable investment.

4. A new 30-year lease has been secured, providing further stability for the tenant.

5. All 13 rooms have been fully refurbished, ensuring a high standard of accommodation for guests.

6. Each room has full cooking facilities, including a stove top, sink, and microwave oven, providing convenience for guests.

7. The property includes a studio unit for the residence, which has a new bathroom and laundry.

8. Guests have access to coin-operated laundry facilities, providing an additional source of income for the business.

9. The property has ample sealed parking, ensuring convenience for guests.

10. The pool surrounds have recently been renovated, providing a modern and attractive feature for guests.

11. The property is low maintenance, making it easy to operate and manage.

12. The business has a 5kW solar system, which is a great cost-saving feature.

13. The property is located in Dubbo, a popular tourist destination, providing a strong market for the accommodation business.

14. With all renovations and updates completed, the business is ready for immediate operation.

15. The business has a strong potential for growth and expansion, with the growing demand for accommodation in the area.

ROI Estimate: 34.33%

Listing location

This Business is sold

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