1 Newell Highway, Tomingley, New South Wales
FREEHOLD PASSIVE INVESTMENT RETURNING 8%
SOLD
Business Description
* Rent $86,280 (exclusive of GST)
* Turnover - first half of 21/22 $176,336 (covid issues)
* Turnover - 20/21 in excess of $400,000
* 26 units Brick construction with colour bond roofing - Large block
* 18 years remaining on lease - tenant should soon be wanting to buy extra years
* situated on the busy Newell Highway. 50kms from Dubbo
* next door to successful hotel which serves great meals
Business Summary
Key Investment Insights
1. Freehold passive investment opportunity with a high return of 8%.
2. Rent of $86,280 per year (exclusive of GST).
3. Turnover for the first half of 2021/2022 financial year was $176,336, impacted by COVID-19.
4. Previous financial year (2020/2021) had a turnover in excess of $400,000.
5. Property consists of 26 units, built with brick construction and colour bond roofing.
6. Large block of land with potential for further development.
7. Long lease term of 18 years remaining, with potential for tenant to purchase additional years.
8. Located on the busy Newell Highway, a major transport route.
9. Only 50km from Dubbo, a major regional city.
10. Adjacent to a successful hotel, providing potential for increased business and foot traffic.
11. The hotel also serves great meals, providing convenience for guests.
12. Potential for growth and increased revenue with strategic marketing and promotion.
