Parkes, New South Wales
1070ML - A Real Money Earner!
SOLD
Business Description
Centre Town Location with no food and beverage
Currently operating at greater than 100% occupancy!
Very well maintained Motel - 3.5 star rating
Long 23 years left on the Lease
Adjacent to Cafe and across the street from the Services Club
Strong consistent Turnover well in excess of $600,000.
It's the ideal Leasehold Motel
Contact us now for further details.
Net profit $247,892 for 2015/16
Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1070ML (quote when enquiring)
Location: Parkes is located on the Newell Highway, 365 km west of Sydney, on the western edge of the Great Dividing Range, in central west New South Wales. The town is a thriving commercial centre servicing the surrounding agricultural district, and the developing mining, government, and transport industries.
Approximately 40,000 people visit Parks for annual festivities such as: The Elvis Festival, The Christmas Parade, The Country Music Festival, Australia Day Celebrations, Vintage Car Rallies, Sporting events, CSIRO Radio Telescope (better known as the dish), and many other local events.
Parkes Shire promotes itself as the 'Crossroads of the Nation' as the Shire is strategically located on the Newell Highway, at approximately the mid-point of the main highway and route for travel, between Melbourne and Brisbane, and between Adelaide and Brisbane. Parkes has excellent road links in all directions to other major centres, and is well positioned as an inland transport hub at the crossroads of north-south highways and the east-west rail corridor.
Property Code: 2231
Business Summary
Key Investment Insights
1. Highly profitable and well-maintained motel with a 3.5 star rating
2. Located in a prime location in the centre of town, with no food and beverage services, ensuring minimal competition
3. Currently operating at over 100% occupancy, indicating high demand for accommodation in the area
4. Long 23 year lease remaining, providing stability and potential for long-term growth
5. Adjacent to a cafe and across the street from a services club, providing additional amenities for guests
6. Strong and consistent turnover of over $600,000, demonstrating the motel's success and potential for continued growth
7. Located in Parkes, a thriving commercial centre with a growing mining, government, and transport industry
8. Strategic location on the Newell Highway, a major travel route between Melbourne and Brisbane, and Adelaide and Brisbane
9. Hosts a variety of popular annual events, attracting a large number of visitors to the area
10. Excellent road and rail links to other major centres, making it a convenient stop for travelers.
