PARKES NSW 2870
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- Hotel / Leisure
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- 22 Feb 2017
1076MF - Genuine Freehold Opportunity that Can't be Missed!
- Buy the Freehold and sell a Lease.
- Owner is committed elsewhere and wants it sold!
- Big Freehold Motel with plenty of growth.
- 24 Ground Floor units.
- Big 1.18ha block with huge development potential.
- Will sell for far less than replacement value.
- Get in and gain!
- Popular, well established Motel
- It's an opportunity you can't miss!
Net profit $220,000 to $230,000 expected
Contact Peter McHugh and David Head from Tourism Brokers for further information or to arrange an inspection.
Property ID: 1076MF (quote when enquiring)
Location: Parkes is located on the Newell Highway, 365 km west of Sydney, on the western edge of the Great Dividing Range, in central west New South Wales. The town is a thriving commercial centre servicing the surrounding agricultural district, and the developing mining, government, and transport industries.
Approximately 40,000 people visit Parks for annual festivities such as: The Elvis Festival, The Christmas Parade, The Country Music Festival, Australia Day Celebrations, Vintage Car Rallies, Sporting events, CSIRO Radio Telescope (better known as the dish), and many other local events.
Parkes Shire promotes itself as the 'Crossroads of the Nation' as the Shire is strategically located on the Newell Highway, at approximately the mid-point of the main highway and route for travel, between Melbourne and Brisbane, and between Adelaide and Brisbane. Parkes has excellent road links in all directions to other major centres, and is well positioned as an inland transport hub at the crossroads of north-south highways and the east-west rail corridor.
Property Code: 2089
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