95 Wee Waa St, Walgett, New South Wales

FREEHOLD PASSIVE INVESTMENT. YIELDING 8.2%. RENT INCREASE IN JANUARY

SOLD

Business Description

* Current Rent $109 170.
* Rent is increased annually on the 1st January - adjusted by the CPI.
* Expected yield from next increase 8.4%
* The property for sale is the COOLABAH Motel in Walgett.
* The 18 unit motel is set on 4 610m2 and is located in a prime position.
* The Walgett Shire has a population in excess of 8000.
* Turnover for 2024 $525 197 (based on BAS figures)
* Experienced operator
* 24 years remaining on Lease.

Business Summary

Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Key Investment Insights

1. The property for sale is a COOLABAH Motel in Walgett, located in a prime position.
2. The motel has 18 units and is set on 4 610m2 of land.
3. The Walgett Shire has a population of over 8000, providing a potential customer base for the motel.
4. The current rent for the property is $109 170, with an expected yield of 8.2%.
5. Rent is increased annually on the 1st January, adjusted by the CPI.
6. The next expected yield from the rent increase is 8.4%.
7. The turnover for 2024 is projected to be $525 197, based on BAS figures.
8. The property has a 24-year remaining lease, providing long-term stability for the investment.
9. The current operator is experienced, potentially ensuring a smooth transition for the new owner.
10. This is a passive investment opportunity, with the potential for a steady return on investment.
Listing location

This Business is sold

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Motels For Sale

You may also like

A UNIQUE INVESTMENT OPPORTUNITY IN OUTBACK AUSTRALIA - 1475MF
Tourism Brokers
A UNIQUE INVESTMENT OPPORTUNITY IN OUTBACK...

1475MF Off Keraro Road WHITE CLIFFS

FREEHOLD $1,500,000

Restaurant Facilities: -
Liquor Licence: -
Restaurant: -

Unlock Your Dream - Hervey Bay Beachfront Ownership Awaits
$50 K Price Drop & Easy Part Time Income - ID 9115
Iconic Hotel in Stunning Location - 1P6187
FREEHOLD Backpackers in Brisbane
Freehold Investment Opportunity Sale by Private Treaty
SE QLD Premier Permanent Management Rights
Waterfront CBD Location in Townsville - 30 Years on Lease - 1P6237M
Exclusive - Two Adjacent Luxury Permanent Management Rights Complexes for Sale - ID 9174
Fabulous Modern Boutique Guest House right in the heart of Airlie Beach - 2857MF
Big profits and beachside living on the Sunny Coast
Premium Vineyard & Exquisite Home, Central Otago
Big Profits and Priced to Sell!
Motel 3858 - 1P6235
Solid Permanent MR, Large Remuneration and Three Beds Manager Residence in West End
Profitable Business Only Resort Management Opportunity Cotton Tree
Tuscan-Themed Resort with $309K Net Profit – ID 9175
Kokonga Lodge – Boutique Accommodation & Event Venue
NEWLY ESTABLISHED PERMANENT MANAGEMENT RIGHTS PORTFOLIO BUSINESS ONLY