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1630ML - Big Leasehold Motel, Small Price, Huge 46% Return!

COONABARABRAN NSW, 2357

Sold

Property Sold in COONABARABRAN NSW, 2357

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
11308555
Status:
Sold
Price:
SOLD
Last Updated:
31/05/2019
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Property Type

Hotel/Leisure
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Land Area

1 Hectares
Icon size

Floor Area

1 SQM
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Parking

N/A

1630ML - Big Leasehold Motel, Small Price, Huge 46% Return!

• Low entry price, and big return!
• A big 40 unit Motel situated on the busy Newell Highway
• Set back from Highway on 3 acres of tranquil bush land setting
• Strong Turnover in the high $600k’s
• Lifestyle plus Income
• It deserves your immediate attention
• Contact us now for further details!

Located in Australia's only "Dark Sky Park" at Coonabarabran, the Astronomy Capital of Australia, this motel is a big opportunity at a small price. It offers 40 ground floor units and is situated on the busy Newell Highway being the ideal stopover for Melbourne to Brisbane travelers. Set back from the Highway in a tranquil bush setting with plenty of wildlife, it's a motel with a difference.

There's plenty of space on the big 1.22 Ha site and it has a comfortable two bedroom residence and large private yard.

Showing a huge 46 % return, you can't go past it. Contact us now for your inspection.

Net Profit $182,791 for 2017/18

Contact David Head from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1630ML (quote when enquiring)

Location: Coonabarabran is home to more than 3,000 countryside dwellers. The town is located in Warrumbungle Shire in New South Wales. Coonabarabran is 451 kms away from the north-western part of Sydney, 161 kms north-east of Dubbo, 182 kms west of Tamworth, and 120 kms from the south-western region of Narrabri.

This peaceful town is known for its spectacular view of the mountain ranges that outline the area and is a popular gateway to the Warrumbungle Range and the Pilliga Forest. There are museums, caravan parks, observatories, and shopping centers in the area. Camping, star-gazing, and sight-seeing can also be fun activities for the family.

Event: Festival of the Stars in November is a month-long event celebrating arts and astronomy in Coonabarabran.

Property Code: 2801

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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