GLEN INNES NSW 2370
UNDER CONTRACT (under offer)
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- 29 Sep 2016
1644MF - Huge Upside with this Big Freehold!
- Opportunity plus!
- Currently run under management
- 40 ground floor units.
- Popular Restaurant.
- Turnover regaining its past high levels.
- Listed to sell well below replacement value.
- Outstanding Highway appeal.
- Property runs the full block in depth with dual street access.
- Popular New England location.
- Contact us now for further details.
Net profit $394,906 for 2015/16
Contact David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1644MF (quote when enquiring)
Location: Glen Innes NSW
Glen Innes is situated amidst rolling countryside on the Northern Tablelands of NSW, 624 km north-east of Sydney. It has a current population of 6,250 people. The local economy is based principally upon agriculture and tourism.
The town is known for its fine parks which are especially attractive in autumn. Glen Innes has numerous arts, craft and collectables shops. Fishing, fossicking and horseriding are also popular ways to enjoy the scenic environs.
The town's annual celebrations include the Pastoral and Agricultural Show in February, the Australian Celtic Festival in May, 'Minerama' in September, the Australian Bush Music Festival in October, the Land of the Beardies Bush Festival in November and Gourmet in the Glen. The town markets are held on the second Sunday of the month in Grey St and, in summer, on the third Sunday at Red Range Sports Grounds.
Property Code: 1810
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information