FREEHOLD INVESTMENT MOTEL YIELDING 6.8%, HARD TO FIND - 1080MI

Description

Great location for your next investment, Parkes NSW central west. Rental income $252,180. Solid brick/iron roof motel on Newell highway in Parkes CBD. 39 well-presented room of 3.5 standard. Restaurant, bar and function room, comfortable residence. Large open plan motel with plenty of parking and grounds. Strong rural centre, major logistic hub for rail and road. High traffic flow on Newell Highway, close to town centre. Solid tenant in place and trading well, long lease in place. All outgoings paid by tenant; annual CPI rent review. Excellent rental stream, ideal passive investment. Please contact us for more details, inspections by appointment only! Parkes is a thriving rural based regional town with a population of approximately 12,000.  It is famous for the Dish, the Elvis festival and now the Inland Rail project. Agriculture is dominant in the local economy, as is north Parkes gold mine, inland rail hub and associated engineering and infrastructure to support these industries. The Newell highway passes through town bringing many interstate travellers and tourism is also a big part of the local economy. Annual Rent: $252,180 Contact Graham Matthews from Tourism Brokers for further information or to arrange an inspection. Property ID: 1080MI (quote when enquiring)