BLAYNEY NSW 2799
Reduced $350,000 Leasehold
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- 20 Dec 2016
178ML - Buy In The Low Ready For The Boom
14 ground floor unit with the last stage completed in 2004.
The newest and most central motel in town makes this the place to stay.
Take the opportunity in purchasing on returns while the mining industry is a little slow, then take the advantage of higher profits when it picks up.
Good solid 30 % plus net return on your investment make this worth a good look.
Plenty of years left on the lease now and for when you decide to sell.
If you are happy to live in a good country town within 3 hours of Sydney then this motel will tick all the boxes.
Net profit $85,000 for 2015/16 (TBC)
Contact Mike Herringe or Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 178ML (quote when enquiring)
Property Code: 1114
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