Rare Freehold Investment Motel - 10% ROI + New 30 Year Lease - 1P4986M
CRE Brokers are proud to be appointed the Exclusive Agency for this bargain-priced Freehold Investment Motel.
A fantastic opportunity to purchase an outstanding performing freehold investment motel showing a 10% return at the asking price, which is cheaper than most homes.
. $467,000 turnover for 2019/20
. New 30 year lease
. Extensive list of motel improvements
. Experienced tenants
. 13 ground floor rooms
. 11 meter outdoor swimming pool
The economic future in the region is fantastic for the accommodation industry thanks to the continued influx of workers serving the mining industry and a range of new projects and industries.
The motel is located between Parks and Dubbo, approximately 5 hours from Sydney and 3 hours from Canberra on the Newell Highway, Australia's major inland touring route, midway between Melbourne and Sydney.
This opportunity will not last long on the market and could be yours.