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Motel business for sale in Narromine

  • Motel
  • Narromine NSW 2821
  • Investment $995,000

1824MI - Solid Trading, Motel Investment Opportunity

- 16 Room brick motel

- Prominent corner position on Mitchell Highway

- 3 star rated

- 20 year term from August 2017

- Rent Reviewed in August 2019 to $ 81,120 p.a.

- Annual 4% increases for the length of term

- Outgoings paid by tenant

Trouble free motel investment set in the Orana District west of Dubbo.

The motel Lease is a solid trading performer under the guidance of the current owner/operators.

This is a rare chance to acquire a well regarding investment opportunity returning an attractive yield of 8.15% from August 2019.

Annual Rent: $81,120 plus GST from August 2019

Contact Peter McHugh from Tourism Brokers for further information or to arrange an inspection.

Property ID: 1824MI (quote when enquiring)

Location: Narromine is where you come to meet the magnificent plains of the Central West. Straight roads, an abundance of native wildlife and beautiful sunsets are all part of the appeal. The Narromine Shire is situated near the centre of New South Wales and forms the heart of the rich Macquarie Valley. The Shire has a population of approximately 6,800 and consists of three urban centres. Narromine is the main township, with Trangie 34km to the West, and the village of Tomingley 38km to the South.

Narromine offers a wide range of services that with the regional city of Dubbo expanding so rapidly Narromine is the perfect alternative for affordable country living with the option of commuting to Dubbo for employment commitments. Narromine has the perfect blend of access to a major regional centre and a rural atmosphere.

Property Code: 3095

Business Highlights

Business ID2015180944
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Last updated  17 Apr 2019
Map for Narromine NSW 2821
Tourism Brokers
32 Lamorna Ave Beecroft NSW 2119

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