310MI - Fantastic Opportunity for a Self-Funded Retiree

SOLD

9,169 m2

Long term leaseback from existing owner.
Corporate tenant with strong marketing arm and solid distribution of properties that offer mutual benefits and economies of scale for operations and market positioning.
Significant depreciation allowance available once QS report obtained by purchaser.
Current owners have recently completed a $1.1M upgrade on the property and want to enjoy the benefits with a long term lease of 10 years plus 3 options of 10 years each – total 40 years.
Fantastic opportunity for a self-funded retiree, property investor or Self-Managed Super fund to realize the opportunity, retain a very solid tenant and have a long term cashflow coming from the property.
32 motel rooms (2 have only just been added to make it the 32 as prior to now it has been 30 rooms and at the same time a separate kitchen area was created for self-catering for long term stays or people who prefer not to have an extended period of Hotel Meals at the onsite pub that is part of the complex), reception area, onsite laundry, staff accommodation, 80-seat restaurant, outdoor sports bar, bottle shop, commercial kitchen, room service, conference/events centre, parking for 31 vehicles, inground pool, barbeque facilities, and large landscaped grounds.

This is an outstanding opportunity to secure a property that has recently benefited from considerable extensions and property upgrades. The owners are doing a lease back and have been very conservative on the investment price, so they benefit from the lower rental throughout the term on the lease.

The owners are wanting to focus on the business and have their capital working for them in the businesses at the higher returns rather than hold the property values.

Cobar is growing, mining, Gold, iron and a number of other opportunities are benefiting the area and the increased tourism flow are all adding to the property and business strength.

Detailed information about the operator, a copy of the proposed lease and additional information is available upon request.

This is a rare and genuine opportunity to advance in the property investment market. Huge works have been completed to date and the tenants will be spending more upgrading the property going forward and for this reason will only accept a lease with CPI increases as the upgrade works will be paid for by the tenants.

Annual Rent: $127,500 plus GST with annual CPI increases

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 310MI

Price	SOLD
Location	Cobar
Property ID	310MI
Category

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TOURISM BROKERS CLIENT CONFIDENTIALITY AGREEMENT

IMPORTANT MESSAGE TO ALL PROSPECTIVE PURCHASERS AND LESSEES

If you are a genuine Prospective Purchaser or Lessee, and you would like to obtain additional information in respect of any listing ofTourism Brokers it is a requirement that you agree to this Confidentiality Agreement below in order to request information on a property. Tourism Brokers will respect the discreet nature of your enquiry, as we do for all our clients.

To: Tourism Brokers Pty Ltd & Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers
Centralised Administration 32 - 34 Lamorna Avenue
Beecroft NSW 2119

Ph: 1300 512 566 (International +61 2 9872 9943)
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Email: sales@tourismbrokers.com.au

Having declared in general principle, that I/we have a genuine interest in Tourism Brokers listing/s, I/we now request that, in your capacity as broker for the Vendor, you supply us with a copy of a current “Information Memorandum” (the “Memorandum”) or similar, describing the requested listing/s in further detail. I/we undertake that the Memorandum or similar additional information, will be used for no purpose other than to assist me/us in determining whether I/we/our client wish to purchase or lease the said business/property listed. [note, if you are a professional adviser or similar acting on behalf of a client or some third party, you are required to nominate your client’s name below]. I/we agree that the Memorandum and any other information or material made available to us (written, verbal or otherwise) via Tourism Brokers or the Vendor or their Solicitors, will remain strictly confidential.

To maintain the confidentiality of the information and material made available to me/us, I/we agree as follows;

a) The information and material will only be distributed on a “need to know basis” to me/us, our senior executives or directors of our company, and /or professional advisers and financiers to my/our company, and I/we shall take responsibility that all parties involved will be bound to and will adhere to the terms of this agreement.

b) Any copies made of the information and material will only be for the purpose of internal communications and that a system will be instituted to facilitate the recovery of any such copies.

c) To undertake to return all information and material (including any additional copies) toTourism Brokers.

This undertaking shall not apply to information and material that;

a) At the time of provision or disclosure, or subsequently (through no fault of me/us) becomes in the public domain.

b) Was already known to me/us before the date thereof.

c) Is subsequently provided or disclosed to me/us by a third person who has the right to provide or disclose same.

d) Is disclosed by me/us pursuant to any law or order of any court, of any governmental agency or other regulatory body with whose instructions me/us are bound to comply with.

Although I/we understand that Tourism Brokers Pty Ltd, Tourism Brokers (QLD) Pty Ltd trading asTourism Brokers and the Vendor and their Solicitors believe that the material to be provided is accurate to the best of their knowledge, I/we acknowledge that no representation or warranty has been made or given as to the accuracy or completeness of any information or material obtained. I/we agree that neither Tourism Brokers nor the Vendor or their Solicitors have any liability to me/us or any of our advisers or representatives, arising from the selection or use of the information or material by me/us and any associates.