Investment Motel With Good Yield And Great Location - 986mi

Narrandera, New South Wales 2700

SOLD

Key Features

AI generated. Contact seller to confirm.

New 30 year lease in place
Strong yield of approximately 7.6%
Solid motel with 20 units
Excellent condition and trading strongly
Located near two major highways
All outgoings paid by tenant

Turnover: $140,000
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Not disclosed
Established: Not disclosed

Business Details

Business Category Motel

- Brick motel in busy Riverina town.

- Available with new 30 year lease in place.

- Starting rent of $140,000 with CPI adjustments.

- Strong yield of approximately 7.6%.

- Solid motel in excellent condition, 20 units.

- Great town location with two major highways.

- Trading strongly with many large projects.

- All outgoings paid by tenant.

- Excellent opportunity that is hard to find!

Annual Rent: $140,000 plus GST

Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection.

Property ID: 986MI (quote when enquiring)

Location: Narrandera is a very prosperous town with a population of about 4,500. It is situated 90 kilometers west from the major regional city of Wagga Wagga. Narrandera is a wonderful place to live, boasting all the advantages of country lifestyle with easy access to quality services and facilities. Affordable real estate, quality education, health care, numerous sporting and cultural facilities combine to make Narrandera the ideal lifestyle choice.

Property Code: 4523