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217MI - Rare Motel Investment Return Greater than 9.5%

BROKEN HILL NSW, 2880

For Sale

Property for Sale in BROKEN HILL NSW, 2880

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11368313
Status:
Active
For:
Sale
Price:
Investment $1,200,000
Last Updated:
25/06/2020
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Property Type

Hotel/Leisure
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Land Area

N/A
Icon size

Floor Area

1 SQM
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Parking

N/A

217MI - Rare Motel Investment Return Greater than 9.5%

- 9.58% return, new lease, solid business and location.

- Tenants are making solid returns and can easily afford the rental.

- 23 rooms, ranging from an iconic experience to compact and clean.

- Excellent turnover.

- Stable financial history.

- Great town location.

- Has everything you need for a successful business.

The award-winning Lodge Outback Motelboasts an array of tourism awards. A varying choice of accommodation leaves no-one missing out. A high 3-star rating overall making it amongst one of the top accommodation businesses in Broken Hill.

A perfect location in Broken Hill, a stone’s throw from the Silver City and Barrier Highways connecting travellers to Adelaide, Brisbane, Sydney and Melbourne.

Broken Hill City Council and Destination Outback and Country have created a new promotional video highlighting the many wonderful aspects of the location. Two new Camel tour operators have started offering tours in Broken Hill and Silverton (as of 2020) and the West Darling has had a massive renovation and reopened as the Broken Hill Pub which offers a great new place to eat.

Annual Rent: $120,000 plus GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 217MI (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 north east 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 is a city that has reinvented itself. It's a city basking in a colourful history - from its early origins as a place on the edge of the central desert, where vast riches in minerals were drawn from its very foundations to a vibrant and commercial, arts, and tourism centre.

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: 3278

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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