Parkes, New South Wales

$595,000

Property Description

DIVORCE SALE- MOTIVATED VENDOR - MUST SELL LEASEHOLD. New 30 year lease , LOW RENT

Regrettably the vendors MUST sell due to their divorce settlement. The result is that the prospective buyer will have motivated vendors for the sale of the Leasehold of their property in Parkes.
Due to all the infrastructure spending (see below) by both Government and the private sector this property has had an increase in turnover, despite Covid 19.

“Parkes is set to be Australia’s largest intermodal hub.”
Michael Kilgariff - Australian Logistics Council
At around 4800ha, Parkes National Logistics Hub is set to be Australia’s largest intermodal site, integral to the national freight solution.

Pacific National has committed an initial $35 million to build and establish the terminal, located within the Parkes Shire Council’s National Logistics Hub, and acquire rollingstock (i.e. locomotives and wagons)
It is one of the largest private sector investments in freight and logistics infrastructure in regional Australia, helping to give the Federal Government’s 1,700km Melbourne to Brisbane Inland Rail project added momentum
Major construction of Pacific National’s logistics terminal by Coleman Rail commenced in October 2018. Pacific National owns 365-hectares at Parkes – located within the 4800-hectare National Logistics Hub
More than 50,000 person hours dedicated to delivering the new terminal.
Once fully operational, Parkes Logistics Terminal will have the capacity to process approximately 450,000 shipping containers each year, including the ability to haul double-stacked containers on 1,800m long freight trains between Parkes and Perth
The terminal is hoped to be fully operational by 2025 – when the Federal Government’s Melbourne to Brisbane Inland Rail project is due to be completed
1,800m rail sidings at Parkes Logistics Terminal are the longest sidings in Australia for transferring shipping containers between trucks and trains.
Pacific National is proud to be part of Parkes, including being a major sponsor of the Parkes Elvis Festival and The Henrys (Parkes Chamber of Commerce Business Awards)

INFORMATION SUMMARY

*own this leasehold within 4 years
*2021 Projected T/O $510000 and Projected Profit $ 210 000 (after rent)
* First year's Rent $105000 CPI indexed with a minimum of 1.5% and a maximum of 3%
*Rent is approximately 33.5% of projected total profit
*NO RESTAURANT
*24 units - all recently refurbished (2019) 6 new bathrooms 19 upgraded
*New 3 bedroom residence, new carpets in all rooms
* New 30kw solar system
* Inspection of Parkes motel and trading figures will impress

Property Summary

Business Snapshot

Price: $595,000 Net Profit: $210,000

Motel Information

Total Rooms: 24Stars: 3.5Restaurant Facilities: NoLiquor Licence: NoRestaurant: NoLease: LeaseholdLease Term: 30 years

Marketing Agent


Marketing Agency

Jim McDonald Brokers

Jim McDonald Brokers

Jim McDonald Brokers

Jim McDonald
Jim McDonald Brokers

Phone

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Map Location ( get directions )

Parkes, New South Wales 2870 Exact map location not provided

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