Peak Hill, New South Wales
Rare Freehold Investment Motel - 10% ROI + New 30 Year Lease - 1P4986M
SOLD
Business Description
CRE Brokers are proud to be appointed the Exclusive Agency for this bargain-priced Freehold Investment Motel.
A fantastic opportunity to purchase an outstanding performing freehold investment motel showing a 10% return at the asking price, which is cheaper than most homes.
. $467,000 turnover for 2019/20
. New 30 year lease
. Extensive list of motel improvements
. Experienced tenants
. 13 ground floor rooms
. 11 meter outdoor swimming pool
The economic future in the region is fantastic for the accommodation industry thanks to the continued influx of workers serving the mining industry and a range of new projects and industries.
The motel is located between Parks and Dubbo, approximately 5 hours from Sydney and 3 hours from Canberra on the Newell Highway, Australia's major inland touring route, midway between Melbourne and Sydney.
This opportunity will not last long on the market and could be yours.
Business Summary
Key Investment Insights
Key Insights:
1. Freehold investment motel with a 10% return at a bargain price.
2. Strong turnover of $467,000 for 2019/20.
3. New 30 year lease in place.
4. Extensive list of motel improvements.
5. Experienced tenants currently managing the motel.
6. 13 ground floor rooms and 11 meter outdoor swimming pool.
7. Located between Parks and Dubbo, a popular tourist route.
8. Economic future in the region is promising due to mining industry and new projects.
9. Convenient location, 5 hours from Sydney and 3 hours from Canberra.
10. Rare opportunity to purchase a profitable freehold investment motel.
