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

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.
Listing location

This Business is sold

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