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Parkes NSW 2870
Sold on 30 Aug 2023

Parkes NSW 2870

  • Hotel, Motel, Pub & Leisure
  • Sold

Long term lease of a well performing motel in a growing district | Resort Brokers ID : LH007796

    Presenting to the market is the opportunity to acquire the long-term lease of a high-performing motel in Parkes. Hotel Gracelands has a 41-year lease in place and is currently showing strong occupancy in the motel and a substantial trade in the restaurant for meals as well as being used as a function centre.

    The leasehold is being sold as a going concern; hence, management wages are added back. The net profit for 11 months is $290,669 with a purchase price of $695,000 which resembles this business being sold plus 41% yield.

    The property has historical figures showing continued strong trading figures that have grown from year to year. Please contact a broker at ResortBrokers to discuss the property further. Don't let this leasehold pass you by.

    - Fastest growing area in Central West NSW
    - 41 year lease still in place
    - Historic figures showing continued strength and growth
    - Restaurant trading well to motel guests and visitors 
    - Restaurant area used for functions
    - Landlord happy to work with new tenant and develop more rooms
    - 11 months trading figures showing net profit of $290,669
    - Inspections by appointment only

    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Date Sold30 Aug 2023
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018613824
    Category
    Last updated  8 Aug 2023
    Map for Parkes NSW 2870
    ResortBrokers®
    ResortBrokers®
    362 Montague Rd
    West End, QLD 4101

    Property Highlights

    Date Sold30 Aug 2023
    Floor AreaAsk Agent
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2018613824
    Category
    Last updated  8 Aug 2023

    Listed by

    More about Parkes NSW 2870

    Parkes NSW 2870 is categorized as Hotel, Motel, Pub & Leisure Property. The listing ID for this property is 2018613824.

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