Parkes, New South Wales

Leasehold of a large motel property in Parkes | Resort Brokers ID : LH007844

Under Contract / Offer

Business Description

Presenting an exclusive opportunity, we bring to market the leasehold of the North Parkes Motel, ideally situated on the north side of Parkes, along the main thoroughfare into town. This double-brick property is impeccably maintained with minimal external landscaping required.

Boasting a 3.5-star rating and 36 rooms, the motel enjoys consistently high occupancy throughout the year.

The motel has achieved impressive financial performance, with a solid turnover of $1,384,699 in 2023, and an adjusted net profit of $522,622, maintaining an average annual occupancy of 64%.

Adding to its allure, the manageable annual rent of just over $100,000 makes it an attractive prospect for potential buyers.

- One of the largest properties in Parkes
- 17 years remaining on lease
- Continued strong occupancy year-round
- Large amount of repeat clientele
- Large owner's residence
- Experienced staff willing to stay on
- Property inspections are by appointment only
Date updated: 09 Jun 2024 23:00:11

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $522,622
Marketing Agent
Listing location

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

Exclusive - Outstanding Modern Complex Caretaking Only - ID 9121
Enticing Business Opportunity
Well-established CBD Hotel with Gaming & Accommodation - 1P6039
ACCOMMODATION & TOURISM BUSINESS FOR SALE IN CAPE TRIBULATION - 2820MF
Multi-award winning resort - Tweed Byron Hinterland FHGC | Resort Brokers ID : FH008315
Absolute Beachfront Resort Complex
Waterfront Property within Resort
Drouin Motel - 1P6044
Small Permanent Complex in Southport - ID 8381
Beautiful Redlands Area
Absolute Beachfront Management Rights - ID 8767
Acquire Prime Beachfront Resort, held for a decade, netting over $450,000 | Resort Brokers ID : MR008302
FIRST TIME AVAILABLE IN A DECADE! PRIME LARGE SCALE BRISBANE CBD MIXED-USE MLR! | Resort Brokers ID : MR008299
Outstanding Investment in the Thriving Tourism Industry of Tropical North Queensland - 2835BF
ESTABLISHED BUSINESS-ONLY MANAGEMENT RIGHTS IN COASTAL NSW | Resort Brokers ID : MRB008288
CARETAKING ONLY EASY TO RUN BUSINESS - START SMALL TO BUILD BIG! | Resort Brokers ID : MRC008287
Ocean Views Motel, Lakes Entrance VIC - 1P0297
Huge Remuneration and Small Letting Permanent MR in Brisbane West