Key Investment Insights
AI generated. Confirm details with the seller.
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.
