Coachman Hotel/Motel. 15 Year Lease - Circa 10% Yield. Long term lease to highly experienced & successful operator. Award winning business with multiple revenue steams. Recently refurbished with nothing to spend. Huge landmark central CBD location just off busy Newell Highway. Lessee has over 30 years experience and operated some of NSW's largest hotels. Sale includes 36 room motel, bar, restaurant, gaming area, function rooms and 15 poker machine entitlements. Parkes is a NSW growth region underpinned by mining, tourism, transport, infrastructure, energy & agriculture. Net Income: $434,580 pa + GST.
Brand New 30 + 10+ 10 Year Lease from 2014
High 9% Return
4 star AAA rated boutique accommodation hotel + restaurant & wine bar Highly experienced long term operator 20 luxuriously appointed rooms Midpoint between Melbourne & Brisbane on busy Newell Hwy High level of repeat corporate clientele Massive depreciation benefits Annual rent increases to greater of CPI or 3% Net lease, tenant pays all outgoings, as per lease
Net income $170,000 pa + GST Offers circa $1,900,000 (showing 9%net return)