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Address available on request Broken Hill, NSW 2880

Address available on request,
Broken Hill, NSW 2880

Hotel, Motel & Leisure

Price information

Sale

INVESTMENT $2,570,000

Key property information

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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: 4353

Property ID: 504503184Last Updated: 9 Sep 2024

04331379...
realcommercial.com.au logo
Address available on request
Broken Hill, NSW 2880
Tourism Brokers - NSW, QLD, VIC & TAS
Centralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119

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