Narrandera, New South Wales
Leasehold for $630,000 in Narrandera | Resort Brokers ID : LH007900
The sale leasehold of the Camilla Motel in Narrandera has come to market with a fantastic renewable lease in place. The property would suit new operators looking to enter the accommodation leasehold market or someone looking for a more minor operation to run themselves.
The motel boasts 15 rooms of varied sizes along with an extensive management residence with four bedrooms and three bathrooms. The motel is ideally situated on the Newell Highway on the northern side of town and close to all the town’s commercial facilities.
Resort-style facilities include an in-ground swimming pool and a guest BBQ area with a property with limited yard maintenance. The property has had bathrooms refurbished and beds and bed bases replaced minimising operational costs for incoming tenants.
The motel in the 2023 financial year turned over $390,467 showing an adjusted net profit of 49% of turnover being $192,006. The annual rent for the motel is an achievable $54,986
Leaseholds in this price range across Australia are highly sought after in this market so please don’t hesitate to contact me to take that next step.
Prime location on main thoroughfare into town
Single level property
Renewable lease every four years
Large management residence
All bathrooms have been renovated
New bedding and mattresses
Property inspections are by appointment only
Date updated: 03 Mar 2024 22:00:15
Net Profit: $192,006