Address available on request,
Parkes, NSW 2870
Hotel, Motel & Leisure
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Long term lease of a well performing motel in a growing district | Resort Brokers ID : LH007796
Presenting to the market is the opportunity to acquire the long-term lease of a high-performing motel in Parkes. Hotel Gracelands has a 41-year lease in place and is currently showing strong occupancy in the motel and a substantial trade in the restaurant for meals as well as being used as a function centre.
The leasehold is being sold as a going concern; hence, management wages are added back. The net profit for 11 months is $290,669 with a purchase price of $695,000 which resembles this business being sold plus 41% yield.
The property has historical figures showing continued strong trading figures that have grown from year to year. Please contact a broker at ResortBrokers to discuss the property further. Don't let this leasehold pass you by.
- Fastest growing area in Central West NSW
- 41 year lease still in place
- Historic figures showing continued strength and growth
- Restaurant trading well to motel guests and visitors
- Restaurant area used for functions
- Landlord happy to work with new tenant and develop more rooms
- 11 months trading figures showing net profit of $290,669
- Inspections by appointment only
The leasehold is being sold as a going concern; hence, management wages are added back. The net profit for 11 months is $290,669 with a purchase price of $695,000 which resembles this business being sold plus 41% yield.
The property has historical figures showing continued strong trading figures that have grown from year to year. Please contact a broker at ResortBrokers to discuss the property further. Don't let this leasehold pass you by.
- Fastest growing area in Central West NSW
- 41 year lease still in place
- Historic figures showing continued strength and growth
- Restaurant trading well to motel guests and visitors
- Restaurant area used for functions
- Landlord happy to work with new tenant and develop more rooms
- 11 months trading figures showing net profit of $290,669
- Inspections by appointment only
Additional information
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Property ID: 504356036Last Updated: 21 Jul 2024
04310552...![realcommercial.com.au logo](/listing-ui-assets/img/rca-logomark.svg)
Address available on request
Parkes, NSW 2870
ResortBrokers - WEST ENDPO BOX 5004
WEST END, QLD 4101
WEST END, QLD 4101
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