1632ML - A Leasehold Motel That Ticks All The Boxes!
- 37 Units with Turnover in the mid $600,000's
- Showing a very healthy 37 % Return with attractive Rent ratio
- Long Lease Term
- 20 Units recently fully refurbished
- Walking distance to Bowls Club and Restaurant
- Great location on the busy Newell Highway
- Co-operative Landlord with Annual Rent Re-investment
- Contact us now for further details and to arrange you inspection!
This motel at Coonabarabran has got it all! It's a big 37 unit motel on the busy Newell Highway, within walking distance to a Bowls Club and Chinese Restaurant. The Turnover is consistently in the mid $600k's, there’s a long 26 years left on the lease and it has a very attractive rent to turnover ratio.
Th units present very well and there is a good mix to cater for all clientele. The landlord reinvests $5,000 annually to assist in maintenance of the property.
It's a Leasehold that deservers your closest attention, but don't delay - good properties like this are scarce!
Net profit $255,795 for 2017/18
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1632ML (quote when enquiring)
Property Code: 2820
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -