Parkes, New South Wales

EXCEPTIONAL INVESTMENT OPPORTUNITY, ONE OF THE BEST, ACT QUICKLY !! - 2358MI

SOLD

Business Description

Opportunities like this do not present very often so you will need to show interest quickly or be at the end of the line.

- 33-year Lease in place with excellent tenant

- Centre town location, Best Motel In Parkes

- Opened in December 2013, Presents as Brand New

- 19 x 4.5 star units, Large Rooms with Quality Fitout

- Strong occupancy and repeat trade, Affordable Rent

- Three bedroom Residence, Restaurant, Function Centre

- Room to expand if needed, It’s a must to inspect

- Very Strong business base, Major Project.

- Excellent Long-Term Investment, Contact us now for further details

- Inspections By Appointment Only!

This is a rare opportunity to purchase a quality asset with a strong yield and starting rent of $216,320 per annum with annual CPI increases, The lease commenced with a solid 35-year term with 33 years to run, combine this with a very experienced tenant producing good results to demonstrate confidence in regular and consistent rent.

Parkes is located on the Newell Highway, 365 km west of Sydney, on the western edge of the Great Dividing Range, in central west NSW. The town is a thriving commercial centre servicing a primary and secondary catchment of around 56,000 people. Parkes is best known as the home of "The Dish", the CSIRO Radio Telescope made famous by the film of the same name and has over 100,000 tourists visit each year.

Annual Rent: $216,320 plus GST

Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2358MI (quote when enquiring)

Property Code: 4782

Business Summary