Narrandera, New South Wales
RIVERINA LEASEHOLD, NEW 30 YEAR TERM, STRONG TRADER - 984ML
SOLD
Business Description
Great motel town location, excellent opportunity.
- 22 room motel leasehold in NSW Riverina.
- High occupancy, lots of repeat trade.
- Consistent long-term performer.
- Long lease with affordable rent ratio.
- Centre of town on Newell Highway.
- All the hard work done, setup for new owner.
- Intersection of Newell and Sturt highways.
- Close to club, shops, food outlets.
- Strong highway trade, lots of infrastructure projects.
- Secure future.
Narrandera is Riverina based country town of approx. 5,000 residents situated on the Newell and Sturt Highways. It is a rural based town with agriculture being prominent as part of the Murrumbidgee irrigation area.
Net profit: $246,353 for 2022/23
Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.
Property ID: 984ML (quote when enquiring)
Property Code: 4545
Business Summary
Key Investment Insights
1. Prime location in a popular motel town with high occupancy rates and a strong base of repeat customers.
2. Consistently profitable business with a long-term track record of success.
3. Long lease with affordable rent, providing stability and potential for future growth.
4. Strategic location at the intersection of two major highways, ensuring a steady flow of passing trade.
5. Close proximity to local amenities such as clubs, shops, and food outlets, making it a convenient choice for travelers.
6. Strong highway trade and potential for growth with upcoming infrastructure projects in the area.
7. Secure future for the business with a new 30-year lease term.
8. All the hard work has been done, making it a turnkey opportunity for a new owner.
9. Opportunity to tap into the thriving agriculture industry in the Murrumbidgee irrigation area.
10. High projected net profit for the upcoming financial year, providing a strong return on investment for potential buyers.
