Narromine, New South Wales
GREAT STARTER - JUST LISTED (exclusively) LEASEHOLD WITH LOW RENT. PRICE $320 000
SOLD
Business Description
* 21 units with two bedroom residence plus pool
*Country town of Narromine. Only 30km from Dubbo
*Low rent - for 2018 only 40% of total profit
*Reliable business which will suit the motivatedd couple.
*This town is about to receive a huge stimulus with the INLAND RAIL
* Expect to be provided with housing, most living expenses and earn $2000 per week.
*Motivated vendor - all genuine offers considered.
*HAVE YOU GOT $160 000 in equity?
*2018 turnover $261,721 Profit after rent $117,518, 20 years remaining
Business Summary
Key Investment Insights
1. Established business with reliable income and potential for growth.
2. Located in a country town with upcoming development projects, providing potential for increased business.
3. Low rent, only 40% of total profit for 2018.
4. Opportunity for a motivated couple to own and operate the business.
5. Includes a two bedroom residence and pool.
6. Potential for additional income through providing housing and living expenses.
7. Motivated vendor willing to consider all genuine offers.
8. Requires $160,000 in equity to purchase.
9. Long lease with 20 years remaining.
10. 2018 turnover of $261,721 and profit after rent of $117,518.
