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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:
19/01/2020
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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%

- 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.

Annual Rent: $115,000 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.

<!--[if gte mso 9]><![endif]--><!--[if gte mso 9]>Normal0falsefalsefalseEN-AUX-NONEX-NONE<![endif]--><!--[if gte mso 9]><![endif]--><!--[if gte mso 10]>/* Style Definitions */table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-parent:"";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin:0cm;mso-para-margin-bottom:.0001pt;mso-pagination:widow-orphan;font-size:10.0pt;font-family:"Times New Roman",serif;mso-ansi-language:EN-AU;mso-fareast-language:EN-AU;}<![endif]-->9.58% return new lease solid business and location.

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

Property Code: 3278

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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