Narrandera, New South Wales
INVESTMENT MOTEL WITH GOOD YIELD AND GREAT LOCATION - 986MI
SOLD
Business Description
- Brick motel in busy Riverina town.
- Available with new 30 year lease in place.
- Starting rent of $140,000 with CPI adjustments.
- Strong yield of approximately 7.6%.
- Solid motel in excellent condition, 20 units.
- Great town location with two major highways.
- Trading strongly with many large projects.
- All outgoings paid by tenant.
- Excellent opportunity that is hard to find!
Annual Rent: $140,000 plus GST
Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
Property ID: 986MI (quote when enquiring)
Location: Narrandera is a very prosperous town with a population of about 4,500. It is situated 90 kilometers west from the major regional city of Wagga Wagga. Narrandera is a wonderful place to live, boasting all the advantages of country lifestyle with easy access to quality services and facilities. Affordable real estate, quality education, health care, numerous sporting and cultural facilities combine to make Narrandera the ideal lifestyle choice.
Property Code: 4523
Business Summary
Key Investment Insights
1. Brick motel with 20 units in excellent condition.
2. Located in a busy Riverina town with a population of 4,500.
3. Available with a new 30 year lease in place.
4. Starting rent of $140,000 with CPI adjustments.
5. Strong yield of approximately 7.6%.
6. Great town location with easy access to two major highways.
7. Trading strongly with many large projects in the area.
8. All outgoings paid by tenant.
9. Excellent opportunity that is hard to find.
10. Annual rent of $140,000 plus GST.
11. Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
12. Property ID: 986MI (quote when enquiring).
13. Narrandera offers a wonderful country lifestyle with easy access to quality services and facilities.
14. Affordable real estate, quality education, and healthcare are available in Narrandera.
15. Numerous sporting and cultural facilities make Narrandera an ideal lifestyle choice.
16. Property Code: 4523.
