Coonabarabran

UNDER CONTRACT

1632ML - A Leasehold Motel That Ticks All The Boxes!

  • 37 Units with Turnover in the mid $600,000's
  • Showing a very healthy 37 % Return with attractive Rent ratio
  • Long Lease Term
  • 20 Units recently fully refurbished
  • Walking distance to Bowls Club and Restaurant
  • Great location on the busy Newell Highway
  • Co-operative Landlord with Annual Rent Re-investment
  • Contact us now for further details and to arrange you inspection!

This motel at Coonabarabran has got it all! It's a big 37 unit motel on the busy Newell Highway, within walking distance to a Bowls Club and Chinese Restaurant. The Turnover is consistently in the mid $600k's, there’s a long 26 years left on the lease and it has a very attractive rent to turnover ratio.

Th units present very well and there is a good mix to cater for all clientele. The landlord reinvests $5,000 annually to assist in maintenance of the property.

It's a Leasehold that deservers your closest attention, but don't delay - good properties like this are scarce!

Net profit $255,795 for 2017/18

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1632ML (quote when enquiring)

 

Property Type business
Land Area m2 5,570 m2
Floor Area m2 1 m2

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David Head

0438 663 551
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