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Leasehold Motel in Narrandera: 22 Rooms, 29-Year Lease, $1.2M | Resort Brokers ID : LH008750
$1,200,000
Motel (Leasehold) hospitality, NARRANDERA NSW
ResortBrokers is delighted to bring to market the Fig Tree Motel in Narrandera, a prime leasehold opportunity priced at $1.2 million. This thriving business features 22 rooms with diverse configurations, an 80% occupancy rate, and a projected net profit of $351,542. With a 29-year lease term and annual rent of approximately $134,336, it offers long-term stability. The motel's central location, updated rooms, and amenities like an underground pool and barbecue area enhance guest satisfaction. Ideal for new entrants or seasoned operators, this asset promises robust financial returns and a strong market presence.
- Prime leasehold in the heart of Narrandera for $1.2m
- 29-year lease term remaining
- Annual rent set at approximately $134,336
- Archieved $565,815 turnover in nine months this financial year
- Projected adjusted net profit of $351,542 this year
- Room are well-maintained and updated
- Inspections are by appointment only
Date updated: 15 Jun 2025 23:00:04
More Information
- Total Purchase Price: $1,200,000
- Net Income: $ 351,541
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
This is the approximate number of years the business' revenue would pay for the business component.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Are there any set office hours stipulated in the contract?
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?