Yass, New South Wales
1703MI - Rare Investment Offering - 9% Return
SOLD
Business Description
Situated in one of the strongest motel trading towns in NSW this 23 unit 3.5 star motel has recently undergone a major refurbishment to both the external facade and the interiors of all rooms. New landscaping and signage enhances the street frontage and fresh paintwork to the brickwork, windows and doors adds to the repositioning of this popular destination.
Only 3 hours south of Sydney and within 40 minutes of Canberra this property is a favourite for commercial travellers, local industries and tourists alike. The rooms are comfortable and there is undercover parking for motor vehicles in front of each room.
Prominently located opposite the oval and public swimming pool this property offers over 4,000 sqm of land overlooking the river from the rear of the property.
The restaurant is easy to manage by the lessee and mainly serves the needs of in-house clients.
Rent $98,854.80 as at 1st September 2014
Contact Peter Middlebrook, your exclusive agent from Tourism Brokers, for further information or to arrange an inspection.
Property ID: 1703MI (quote when enquiring)
Property Code: 1472
Business Summary
Key Investment Insights
1. Strong motel trading town in NSW
2. Recently undergone major refurbishment
3. 23 unit 3.5 star motel
4. New landscaping and signage
5. Prominent location opposite oval and public swimming pool
6. Overlooks river from rear of property
7. Easy to manage restaurant for lessee
8. Rent of $98,854.80 as of September 2014
9. 4,000 sqm of land
10. Popular destination for commercial travelers, local industries, and tourists
11. Only 3 hours south of Sydney and 40 minutes from Canberra
12. Undercover parking for motor vehicles
13. Contact exclusive agent Peter Middlebrook for further information or to arrange an inspection
14. Property ID: 1703MI
15. Property Code: 1472
