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1300 76 78 02SOLD - Azalea Motel
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CRE Brokers are pleased to be appointed exclusive agents for the sale of Azalea Motel in Coonabarabran. This is an outstanding and profitable 21 room Motel in a very consistent inland town approx. 90 minutes from Dubbo the heart of Central West NSW .
With increasing projects and marketing from Destination NSW driving regional and inland tourism campaigns, visitation will continue to grow presenting a grand opportunity to prosper from this quality Leasehold Motel. There is literally nothing to spend on improvements and there are many benefits that flow from having the security of a new 30 year lease with a low rent to sales ratio.
This Motel has achieved consistent revenue growth over consecutive years which is set to continue with the increase in regional tourism backed by Tourism NSW promoting Western NSW as well as:
. Mining Activity
. Sporting & Cultural Events
. Tourist travelling via inland roads
. Regular Visiting industry experts located in capital cities
NOTE : Final settlement can be negotiated to late 2022
Property Overview
Property Id:
1P6653Under Offer:
noPrice:
Leasehold