152 Lachlan Street, Hay, New South Wales
PRICE REDUCED!! Rare to find Freehold Investment Opportunity in Strong Motel Town
Offers above $2,550,000
Business Description
The Nicholas Royal Motel is a rare freehold investment opportunity in the heart of Hay, a thriving motel town. All on the ground floor, the property offers 16 units: 10 queen rooms, 1 twin, 4 family rooms, and 1 king. It's part of the Golden Chain network, with amenities like pubs, bakeries, and cafes basically at your front door.
Key features:
• 16 ground-floor units
• Expansion potential with approx. 1/2 acre of additional land
• CPI-linked rent with a minimum increase of 3%
• All outgoings paid by the tenant
With room to expand, stable income, and a prime location, the Nicholas Royal Motel is a secure investment with long-term upside.
Business Summary
Key Investment Insights
1. Rare freehold investment opportunity in the heart of Hay, described as a thriving motel town.
2. 16 all ground-floor units, enhancing accessibility and operational convenience.
3. Room mix includes 10 queen rooms, 1 twin, 4 family rooms and 1 king, allowing appeal to couples, families and groups.
4. Part of the Golden Chain network, providing brand affiliation and potential referral/reservation benefits.
5. Immediate local amenity access with pubs, bakeries and cafes essentially at the front door, supporting guest experience and demand.
6. Approximately 1/2 acre of additional land offering clear expansion potential.
7. CPI-linked rent with a contractual minimum increase of 3%, providing indexed income growth.
8. Tenant pays all outgoings, indicating a low-management, net-income profile for the owner.
9. Described as offering stable income and long-term upside, suggesting reliable cashflow and capital growth prospects.
10. Price reduced, signalling vendor motivation and potential for investor negotiation or improved yield.
