Condobolin, New South Wales

$835,000

Property Description

PASSIVE FREEHOLD INVESTMENT YIELDING 8%

This property will be a great starter or addition to your super fund.
Yielding 8% the motel is presently performing well under management.
The prospective new tenants are confident about the business and condition of the motel.
These prospective tenants already own a lease in the same town.
This business performance can be enhanced with better utilisation of search engines and a web site (currently does not have one).

* New 30 year lease showing adjusted profit of $125.585 T/O 2019 $ 313 915
* Rent of $67,000 (CPI indexed) is only 33% of Total Adjusted Net Profit
* 25 units of 3.5 star rating.
* Large renovated residence - 2 bedrooms, lounge , family and ample storage.
* 14.5 Kw solar system
* large well equipped kitchen
* Tariffs range from $95 to $160

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent


Marketing Agency

Jim McDonald Brokers

Jim McDonald Brokers

Jim McDonald Brokers

Jim McDonald
Jim McDonald Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Condobolin, New South Wales 2877 Exact map location not provided

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