Tocumwal, New South Wales
1333MI - Quality Motel Freehold Investment
SOLD
Business Description
- This 21 unit Motel is offered as an ideal investment opportunity.
- A new tenant with a 5 year lease and 5 x 5 year options (30 years).
- Current rental $5,000 per month + GST with a fixed 2.5% annual increase.
- Located a short distance off the Highway, it enjoys a tranquil setting.
- This Motel was built in the 90's with low maintenance in mind..
This Motel is well maintained by the current tenant with excellent facilities and a regular clientele.
In a great location this freehold investment property will not last long.
A great opportunity to increase your portfolio, with 30 years remaining on the lease.
Call to arrange an appointment.
Rental: $60,000 plus GST per annum
Contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1333MI (quote when enquiring)
Location: Tocumwal NSW
Tocumwal is a bridge between two states, located on the Murray River between NSW and Victoria and is 257 km from Melbourne, Victoria and is the first stop on one of Australia's major inland routes, the Newell Highway.
An ideal spot from which to explore the region, enjoy exceptional food and wine, get a rush from water sports and flying adventures, relax while bushwalking and camping or visit museums on your hunt for antiques and collectables.
Tocumwal's river foreshore reserve provides ready access to the Murray River from the Main Street, which is full of character and olde world charm. Discover the magnificent 36 hole championship golf course, go gliding from the historic aerodrome or visit one of the many cafes or historic pubs for a hearty country meal and a chat with some of the locals. A visit to Tocumwal is not complete without taking a photo with the giant Murray Cod on the Tocumwal foreshore
Tocumwal and surrounding towns within Sun Country on the Murray are home to some of the finest seasonal produce this country grows. This produce makes its way to the region's many restaurants and eateries for you to savour and enjoy.
Property Code: 1938
Business Summary
Key Investment Insights
1. The business for sale is a 21 unit Motel located in Tocumwal, NSW.
2. The Motel is being offered as a freehold investment opportunity.
3. The current tenant has a 5 year lease with 5 x 5 year options, totaling 30 years.
4. The current rental is $5,000 per month + GST with a fixed 2.5% annual increase.
5. The Motel was built in the 1990s with low maintenance in mind.
6. The property is well-maintained by the current tenant and has excellent facilities.
7. The location of the Motel is a short distance off the highway and enjoys a tranquil setting.
8. This is a great opportunity for investors to increase their portfolio with 30 years remaining on the lease.
9. The rental income for the property is $60,000 plus GST per annum.
10. Tocumwal is a bridge between two states, located on the Murray River and is a popular tourist destination.
11. The town offers a range of activities and attractions, including water sports, flying adventures, golfing, and antique shopping.
12. The region is known for its exceptional food and wine, with many restaurants and eateries using locally grown produce.
13. The property is listed under Property ID: 1333MI and Property Code: 1938.
14. Interested parties can contact Barry Bolwell from Tourism Brokers for further information or to arrange an inspection.
