Condobolin, New South Wales
FREEHOLD - IDEAL TO SELL OFF LEASE. - 18% YIELD
SOLD
Business Description
This property will be a great starter for the owner/operator. It presently is performing well under management.
This performance can be enhanced with better utilisation of search engines and a web site (currently does not have one).
* Adjusted profit of $202585 T/O 2019 $ 313 915
* 25 units of 3.5 star rating.
* Large renovated residence - 2 bedrooms, lounge , family and ample storage.
* 14.5 Kw solar system
* large well equipped kitchen
* Tariffs range from $95 to $160
Business Summary
Key Investment Insights
1. The property is currently performing well under management, indicating potential for even higher profits with hands-on owner/operator involvement.
2. The property has a high adjusted profit of $202,585 and a strong turnover of $313,915 in 2019.
3. The 25 units have a 3.5 star rating, indicating a high level of customer satisfaction and potential for increased revenue with improvements and upgrades.
4. The large renovated residence with 2 bedrooms, lounge, family room, and ample storage provides comfortable living for the owner/operator.
5. The property has a large 14.5 Kw solar system, potentially reducing operating costs and increasing profitability.
6. The well-equipped kitchen allows for efficient and cost-effective food preparation for guests.
7. Tariffs range from $95 to $160, providing a diverse range of options for guests and potential for increased revenue.
8. The property has potential for growth through better utilization of search engines and the creation of a website, as it currently does not have one.
9. The property has a high yield of 18%, making it an attractive investment opportunity for potential buyers.
10. The property is an ideal starter for a new owner/operator, providing a solid foundation for a successful hospitality business.
