1352ML - Fully Refurbished with High Returns

SOLD

New freehold owner wants to sell a lease quickly.
36% Return.
New 30 year lease.
Strong corporate town.
Stunning location only 20 minutes from the Hume Hwy.
Major refurbishment in rooms and bathrooms.
28 units.

Here is your opportunity to purchase a new lease in this fully refurbished motel in a strong NSW commercial centre where over $350,000 has been spent on the property during the past 2 years.

A new freehold owner has just taken possession and is now looking for a lessee to benefit from this excellent business. Following this major upgrade, the Amaroo Motel is ready to capitalise on the expense and provide a new operator with the tools to grow the business.

The southern NSW market is pumping with Tumut being only 1 hour from Wagga Wagga which is the largest regional city in the state.

This lease will sell quickly. Are you the buyer? Call us today.

Net profit $246,662 for 2014/15

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

Property ID: 1352ML

Location: Tumut NSW

Tumut is located 423 km from Sydney and 180 km from Canberra via the Hume Highway. The main access to the town is via Gundagai with roads going through both Gocup and Brungle. The Tumut River, which runs for 145 km before joining the Murrumbidgee River, flows along the edge of the town; the plains spread out on either side of the river; and the foothills of the Snowy Mountains rise on all sides.

The town is remarkably prosperous largely due to the success of the timber industry. Long term planting of softwood pine forest by the NSW Forestry Department has ensured a regular and reliable source of timber (unencumbered by any environmental problems) and this prosperity has seen the town become one of the most attractive medium-sized settlements in rural New South Wales. It is estimated that nearly 20% of the town's population now work either directly or indirectly in the forestry/timber industry.

Price	SOLD
Location	Tumut
Property ID	1352ML
Category	Motel

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