Narromine, New South Wales

Untapped revenue potential, attractive yield and strategic location in Narromine | Resort Brokers ID : LH008328

$450,000

Business Description

ResortBrokers presents the Stockman Motor Inn, a long-standing motel in Narromine with a solid reputation. Located on the main road, it's one of only two motels in town. The motel offers a variety of room configurations with new bedding for enhanced comfort.

An unused commercial kitchen and restaurant present untapped potential for additional revenue. With a generous 13-year lease and over 50% yield, this is a highly profitable investment.

The 2023 Adjusted net profit of $291,753 demonstrates strong financial performance. Don't miss this opportunity to uplift yield.

- Prime location on the main thoroughfare of Narromine, one of only two motels in town
- Untapped potential with an unused commercial kitchen and restaurant for additional revenue
- Long-term security with 13 years remaining on lease
- Highly profitable leasehold being sold at over a 50% yield
- Strong financial performance with a 2023 adjusted net profit of $291,753
- Enhanced guest comfort with new bedding throughout the motel
- Spacious onsite management quarters for convenient operation
- Inspections are by appointment only
Date updated: 01 Dec 2024 22:00:06