Narromine, New South Wales

Untapped revenue potential, attractive yield and strategic location in Narromine | Resort Brokers ID : LH007989

$725,000

Business Description

The Stockman Motor Inn is strategically positioned on the main road into town, making it a highly visible and accessible destination for travellers. This advantageous location is further enhanced by the fact that it is one of only two motels in the area, providing a near-monopoly on local accommodation.

The property offers a range of facilities including a swimming pool, laundry, and ample car parking. A significant highlight is the presence of an unused commercial kitchen and restaurant. This presents a fantastic opportunity for the new owner to tap into an additional revenue stream. The leasehold also has 13.5 years remaining and offers a large three-bedroom, two-bathroom owner’s residence.

The Stockman Motor Inn offers a unique combination of strategic location, potential for additional income, and attractive yield. This is a rare opportunity to acquire a profitable and well-established motel in the heart of Narromine.

- Comprehensive refurbishment with all-new bedding.
- Exceptional investment opportunity with a 40% yield.
- Exclusive market presence as one of only two motels in Narromine.
- Anticipated trade boost due to upcoming rail upgrade.
- 13.5 years remaining on lease.
- Untapped revenue potential with an unused commercial kitchen.
- Prime location on Narromine's main thoroughfare.
- Inspections by appointment only.
Date updated: 01 Dec 2023 00:00:07

Business Summary

Business Snapshot

Price: $725,000 Net Profit: $291,752

Marketing Agent

Chris Kelly

ResortBrokers

Key Investment Insights

Key insights for this business for sale listing include:

1. Strategic location on the main road into town, providing high visibility and accessibility for travellers.

2. Near-monopoly on local accommodation as one of only two motels in the area.

3. Range of facilities including a swimming pool, laundry, and ample car parking.

4. Unused commercial kitchen and restaurant present a significant opportunity for additional revenue.

5. 17 years remaining on the lease, providing long-term stability for the new owner.

6. Comprehensive refurbishment with all-new bedding, ensuring a high-quality experience for guests.

7. Exceptional investment opportunity with a 40% yield, offering a strong return on investment.

8. Exclusive market presence in Narromine, providing a competitive advantage over other accommodation options.

9. Anticipated trade boost due to upcoming rail upgrade, potentially increasing demand for accommodation in the area.

10. Prime location on Narromine's main thoroughfare, attracting both local and passing trade.

11. Inspections by appointment only, highlighting the desirability and demand for this property.

Overall, this business presents a rare opportunity to acquire a profitable and well-established motel with untapped revenue potential in a highly strategic location.

ROI Estimate: 40.24%