Rare Investment Motel, Recently Refurbished, New Lease, Solid Opportunity And Money Maker - 2616mi
Business For Sale Broken Hill, New South Wales 2880
Business Category Motel
INVESTMENT $2,570,000
Description
Rare Investment Motel, Recently Refurbished, New Lease, Solid Opportunity And Money Maker - 2616mi
- 7.6 % Net based upon current rental.
- Rental $195,540 plus GST PA indexed annually by CPI.
- 10 year Lease commenced April 2022 with 2 options 10 years each (30 year term).
- Guests park the car and walk to everything in the CBD and clubs.
- Huge upside and continued business growth ahead.
- The owners have done all the hard work with extensive renovations and refurbishment works having recently been completed.
- 12 rooms, 4 studio apartments, a luxury kitchen and spa apartment, a family room and a luxury 2 bedroom apartment.
- Situated on the main street in Broken Hill, around the corner from the Tourist Information Centre and one block from the CBD.
- 1 bedroom residence with a lounge, ensuite with access to the main kitchen, reception, back office and food store. Could easily be converted with an adjoining self-contained motel unit with its own kitchenette to make a 2 bedroom unit with the installation of a door.
- All laundry is done onsite with a commercial laundry.
- Guests have access to a coin operated laundrette.
- Barbeque area for guests and easy walking access to the club on the next block close to CBD.
Annual Rent: $204,948 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2616MF (quote when enquiring)
Location: Broken Hill is located on one of two main access roads providing access between Sydney/Brisbane and Adelaide. It is situated 1,067 kms west of Sydney and 508 km northeast of Adelaide. The town supports a large silver, lead and zinc mining operation (operated by Perilya Limited) together with a recently developed mineral sands mine. Broken Hill boasts community infrastructure that is the envy of many larger communities, and it is now a hub for a very rich tourism industry. Along with its own attractions including a large art industry, it is the hub for the diverse outback tourism experiences of the region with excellent transport options of rail, road and air. Broken Hill Airport is located 6 km from Broken Hill’s town centre.
Property Code: 4352
- Rental $195,540 plus GST PA indexed annually by CPI.
- 10 year Lease commenced April 2022 with 2 options 10 years each (30 year term).
- Guests park the car and walk to everything in the CBD and clubs.
- Huge upside and continued business growth ahead.
- The owners have done all the hard work with extensive renovations and refurbishment works having recently been completed.
- 12 rooms, 4 studio apartments, a luxury kitchen and spa apartment, a family room and a luxury 2 bedroom apartment.
- Situated on the main street in Broken Hill, around the corner from the Tourist Information Centre and one block from the CBD.
- 1 bedroom residence with a lounge, ensuite with access to the main kitchen, reception, back office and food store. Could easily be converted with an adjoining self-contained motel unit with its own kitchenette to make a 2 bedroom unit with the installation of a door.
- All laundry is done onsite with a commercial laundry.
- Guests have access to a coin operated laundrette.
- Barbeque area for guests and easy walking access to the club on the next block close to CBD.
Annual Rent: $204,948 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2616MF (quote when enquiring)
Location: Broken Hill is located on one of two main access roads providing access between Sydney/Brisbane and Adelaide. It is situated 1,067 kms west of Sydney and 508 km northeast of Adelaide. The town supports a large silver, lead and zinc mining operation (operated by Perilya Limited) together with a recently developed mineral sands mine. Broken Hill boasts community infrastructure that is the envy of many larger communities, and it is now a hub for a very rich tourism industry. Along with its own attractions including a large art industry, it is the hub for the diverse outback tourism experiences of the region with excellent transport options of rail, road and air. Broken Hill Airport is located 6 km from Broken Hill’s town centre.
Property Code: 4352
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