Parkes

Expressions of Interest

2359ML - EXPRESSION OF INTEREST - CLOSING THURSDAY 30 AUGUST. HIGHEST OFFER WILL BUY IT

  • 4 Star Boutique motel opened 2013
  • Presently run under split management with an absentee owner - huge scope for hands on owner.
  • 26 years on the Lease plus 2 x 10 year options.
  • 21 fully refurbished units (currently running as 20 - new owner can operate as 21).
  • Sales for FY 2017-18 of $787,230 with total Net Profit of $164,069
  • 57% Motel Occupancy - room for upside growth.
  • 3,726 sqm site with DA approval for 28 additional rooms + owner's residence.
  • IKON Restaurant and Wine Bar + large function room used by Clubs and industry conferences.
  • Onsite parking for coaches, contractors vehicles and large groups.
  • 15kw solar system.
  • Parkes is the Home of famous Dish and the annual Elvis Festival.
  • The $10BN Inland Rail has commenced and will have huge ramifications for Parkes.
  • $1.7BN Lithium Battery mine starting 2019 – employing 1,000 staff during development

AVAILABLE FOR INSPECTION 8TH AND 15TH AUGUST FROM 12PM TO 2PM or by appointment.

Expressions of Interest - Close 5pm Thursday 30th August 2018 (if not sold prior)

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

Property ID: 2359ML (quote when enquiring)

Location: Parkes is located on the Newell Highway, 365 km west of Sydney, on the western edge of the Great Dividing Range, in central west New South Wales. The town is a thriving commercial centre servicing the surrounding agricultural district, and the developing mining, government, and transport industries.

Approximately 40,000 people visit Parks for annual festivities such as: The Elvis Festival, The Christmas Parade, The Country Music Festival, Australia Day Celebrations, Vintage Car Rallies, Sporting events, CSIRO Radio Telescope (better known as the dish), and many other local events.

Parkes Shire promotes itself as the 'Crossroads of the Nation' as the Shire is strategically located on the Newell Highway, at approximately the mid-point of the main highway and route for travel, between Melbourne and Brisbane, and between Adelaide and Brisbane. Parkes has excellent road links in all directions to other major centres, and is well positioned as an inland transport hub at the crossroads of north-south highways and the east-west rail corridor.

Property Type business
Land Area m2 3,726 m2
Floor Area m2 1 m2

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Peter McHugh

0421 904 675
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