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

SOLD

7,392 m2

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)

Price	SOLD
Location	Parkes
Property ID	1080MI
Category	Motel

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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.

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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.

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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.

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