Gilgandra, New South Wales

1627ML - Look at This Leasehold Motel - Big 38% Return!

SOLD

Business Description

This Motel just keeps getting better and better!
It has to be one of the best Leasehold Motels on the market!
Bed and Breakfast Leasehold Motel - no cooking of evening meals!
95% of Turnover in Accommodation
Adjacent to Restaurant and easy walk to Hotel
24 well maintained 3.5 star ground floor units
Strong consistent Turnover now in excess of $500,000.
New 30 year Lease being offered by the Freehold Motel owner
Attractive rent ratio
Junction of three Highways, central town position
Fully independent spacious three bedroom residence with private yard
It's a must to Inspect!

This Motel is the ideal Bed & Breakfast Leasehold motel, adjacent to a restaurant and easy walking distance to other eateries. It offers 24 units, 3.5 star, growing turnover with strong repeat trade. It has a spacious, fully independent three bedroom residence and is well located at the junction of three highways. The Freehold owner is offering a new 30 year Motel lease for sale. Don't miss this one - contact us now for an inspection.

Net profit $185,028 for 2015/16

Contact David Head from Tourism Brokers for further information or to arrange an inspection

Property ID: 1627ML (quote when enquiring)

Location: Gilgandra is located in the central west of NSW approximately half way between Melbourne and Brisbane, approximately 30 minutes north of the regional centre of Dubbo. Gilgandra has a population of 2,700 people with 4,700 living in the district.

The strength of Gilgandra is the people. The community has services that you would not expect to find in a community of 2,700 people. This is largely due to the great community spirit, pride and participation that make it a great place to live, work and enjoy a relaxed country lifestyle but with the advantage of being close to a major regional centre.

Agriculture is the main industry in Gilgandra, employing over 600 people and includes wheat, barley, oats, rye and sorghum, oil seed crops, legume crops, small mixed farming including olive groves, native flower production and sheep have been grazed for wool production since 1830 and there are a significant number of cattle.

As well as the traditional, there are a number of unique farming enterprises within the Gilgandra Shire. There is a native eucalypt plantation supplying flowers to the cut flower markets and lavender, emu, buffalo, silver perch and poultry farms operating in the district.

Property Code: 155

Business Summary

Marketing Agent

David Head

0438 66....

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Strong and consistent turnover with a 38% return.
2. Ideal Bed & Breakfast Leasehold motel with no cooking of evening meals.
3. Adjacent to a restaurant and easy walking distance to other eateries.
4. 24 well-maintained 3.5 star ground floor units.
5. New 30 year lease being offered by the Freehold Motel owner.
6. Attractive rent ratio.
7. Located at the junction of three highways in a central town position.
8. Fully independent spacious three bedroom residence with private yard.
9. Net profit of $185,028 for 2015/16.
10. Located in a strong and supportive community with a population of 2,700.
11. Agriculture is the main industry in the area, providing a diverse range of farming opportunities.
12. Unique farming enterprises in the area, including native eucalypt plantation and lavender, emu, buffalo, silver perch, and poultry farms.
13. Close proximity to a major regional centre.
14. Great community spirit, pride, and participation.
15. Opportunity for a relaxed country lifestyle.