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  5. 224MI - Rare Find: Position, Income and Long-term Agreement

BROKEN HILL NSW, 2880

For Sale
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Property for Sale in BROKEN HILL NSW, 2880

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11380467
Status:
Active
For:
Sale
Last Updated:
25/09/2020
Price:
Passive Investment $978,000
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Property Type

Hotel/Leisure
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Land Area

2000 SQM
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Floor Area

1 SQM
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Parking

N/A

224MI - Rare Find: Position, Income and Long-term Agreement

- Position – Position – Position.

- Long Term lease with a solid tenant. (40 years) 10 year lease plus 3 options of 10 years.

- The existing business offers an easy lifestyle for a couple with a profitable bottom line for the operator.

- Well maintained low maintenance structure in good condition.

- Located in the magnificent city of Broken Hill. A short walk along the street and you are right in the CBD with everything it has to offer by way of restaurants, clubs, shops, etc.

- Ground floor units for easy operation. A total of 13 units plus office, no need for the owner to live onsite.

- Solid, growing business.

- Room for additional units and expansion.

- This motel is amongst the better performing accommodation businesses in Broken Hill.

A perfect location at the traffic lights on Argent Street, located at the Western end of the shopping precinct. Situated on a large block of land (approximately 2,000 sqm) with plenty of room for parking or redevelopment.

Phone today for comprehensive details.

Annual Rent: $88,000 plus GST

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

Property ID: 224MI (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: 3437

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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