New South Wales

EXCITING NEW LEASEHOLD: PROFIT $393,608 - YIELDING 53%!!! LOW RENT - WESTERN AREA

SOLD

Business Description

*2023 Tenants Adjusted Net Profit of $393 608 based on 2023 Tax Return
*2023 Turnover $720 616 Occupancy 61.9% Average room rate $132.90 (ex GST)
* 2023 Rent of $113 636 represents only 22% of total adjusted net profit. Rent is annually CPI adjusted with a rent review after each 5 year option..
*Comfortable 3-bedroom residence, with large lounge and covered outdoor area.
*24 ground unit motel, large reception and swimming pool.

Business Summary

Marketing Agent

Jim McDonald

0433 14....

Jim McDonald Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Profit of $393,608 based on 2023 Tax Return
2. Yield of 53%
3. Low rent in Western area
4. Tenants Adjusted Net Profit is based on 2023 Tax Return
5. Turnover of $720,616 in 2023
6. Occupancy rate of 61.9%
7. Average room rate of $132.90 (ex GST)
8. Rent of $113,636 represents only 22% of total adjusted net profit
9. Rent is annually CPI adjusted with a rent review after each 5 year option
10. Comfortable 3-bedroom residence with large lounge and covered outdoor area
11. 24 ground unit motel
12. Large reception and swimming pool.