Hotel Motel on busy Highway in mining boom town - Balranald NSW
Excellent Sturt Highway “one pub” town location, pop approx 1400.
Renowned as a convenient “stopover”.
Hotel features main bar, sports bar, with TAB & 13 TV screens, Dining/Function room (seats up to 100) Beer garden. Very busy bottleshop with fantastic sales. And a lot more! Property has had major capital works including new roof, and all equipment is in excellent condition. Motel has 21 refurbished rooms and 3 bedroom residence, recently joined the popular Budget chain. Township benefitting from sand mining developments by Iluka resources and Crystal Mining, new solar energy farm, and tourism from the Murrumbidgee River and Yanga and Mungo National Parks.
Asking: for Lease: $295,000 premium
Lease 25 years, $2,000 weekly rental + GST + outgoings.
Or $1,140,000 Freehold investment with 9% return
Or $1.49M for freehold & business with vendor keen to look at reasonable offers!