Condobolin, New South Wales

$1,600,000 Freehold

Property Description

351MF - Rare Freehold, Walk to Town, Large Home, Modern Construction

  • 3.5 star AAA self-rated Motel of solid brick construction offering 21 spacious units (17 built in 1975 and 7 built in 2001).
  • Large owner's residence with three bedrooms, office, large lounge and private kitchen.
  • Adjoining reception and restaurant areas at the front of the property.
  • Extensively refurbished with modern bathrooms and series of split system air conditioners.
  • Power saving solar electricity system recently installed.
  • Licensed 70-seat restaurant plus separate bar area.
  • Modern commercial kitchen with recently upgraded commercial equipment.
  • Previously leased, could easily be leased again going forward.
  • Strong trading history with regular repeat clients / guests.
  • Well established systems.
  • Ability to add significant value with restaurant and food areas in addition to underutilised bar area.
  • Pool area for the family / guests.
  • Walk to CBD restaurants, shops, bank and convenience store and an easy stroll to community park. Children could walk to school if they are of school age.

Net profit $337,262 projected for 2016/17

Contact David Head or Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 351MF (quote when enquiring)

Location: Condobolin is the largest centre in the Heart of NSW and is home to around 3,500 people. Affectionately known as Condo, the town lies on the bank of the Lachlan River, an hour from Parkes, Forbes, West Wyalong and Lake Cargelligo. The Lachlan Shire is predominantly a primary industry or rural area with numerous small businesses.

Condobolin continues to be a busy country town, with small industrial services and business, excellent medical services, a modern hospital and retirement village, banking services along with a variety of sporting and recreation facilities and the life blood of the town, the Lachlan River with all its natural beauty, fishing and wildlife.

Tourism is vital to both the economic health and cultural life of the community. Lachlan Shire is proud to host a number of important and exciting events that attracts many visitors to the region including the Slattery's Auctions Condo 750; the Gardening Down the Lachlan Festival; the Condobolin Pipe Band Tattoo and many more.

Property Code: 2133

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

Tourism Brokers

Tourism Brokers

Tourism Brokers

David Head
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Condobolin, New South Wales 2877 Exact map location not provided

Similar Properties

65 Martins Place NORFOLK ISLAND
Ready for a Sea Change on a First World...

$1,599,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

LJ Quintal Real Estate

MOAMA
Freehold Residence & 17 Management Rig...

Management Rights $1,600,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

CRE Brokers

BYRON BAY
Business For Sale - Byron Bay Holiday...

$1,600,000
Net Income: $175,000
Managers Estate: $500,000 3 Bed 2 Bath
Letting Pool: 51
Remuneration: $34,622

MR Sales
Impressive property and location
Exclusive

14 to 18 Princes MILTON
Impressive property and location

Stunning location $1,600.000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Lyall And Scott Property
 Premium Boutique Guesthouse on the Shoalhaven Holiday Coast | Resort Brokers ID : FH004389
Updated

ULLADULLA
Premium Boutique Guesthouse on the Shoa...

$1,650,000
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Resort Brokers

LEETON
979CPF - Heart of the Riverina

Reduced $1,550,000 Freehold
Net Income: -
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration:

Tourism Brokers