Narromine, New South Wales

Investment $995,000

Property Description

1824MI - Solid Trading, Motel Investment Opportunity

- 16 Room brick motel

- Prominent corner position on Mitchell Highway

- 3 star rated

- 20 year term from August 2017

- Rent Reviewed in August 2019 to $ 81,120 p.a.

- Annual 4% increases for the length of term

- Outgoings paid by tenant

Trouble free motel investment set in the Orana District west of Dubbo.

The motel Lease is a solid trading performer under the guidance of the current owner/operators.

This is a rare chance to acquire a well regarding investment opportunity returning an attractive yield of 8.15% from August 2019.

Annual Rent: $81,120 plus GST from August 2019

Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1824MI (quote when enquiring)

Location: Narromine is where you come to meet the magnificent plains of the Central West. Straight roads, an abundance of native wildlife and beautiful sunsets are all part of the appeal. The Narromine Shire is situated near the centre of New South Wales and forms the heart of the rich Macquarie Valley. The Shire has a population of approximately 6,800 and consists of three urban centres. Narromine is the main township, with Trangie 34km to the West, and the village of Tomingley 38km to the South.

Narromine offers a wide range of services that with the regional city of Dubbo expanding so rapidly Narromine is the perfect alternative for affordable country living with the option of commuting to Dubbo for employment commitments. Narromine has the perfect blend of access to a major regional centre and a rural atmosphere.

Property Code: 3095

Property Summary

Motel Information

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

Marketing Agent


Marketing Agency

Tourism Brokers

Peter McHugh
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Narromine, New South Wales 2821 Exact map location not provided

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