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UNLOCK INVESTMENT POTENTIAL: PRIME NARRABRI SERVICED APARTMENTS AWAIT! | Resort Brokers ID : FH008316
$3,000,000
Motel (Freehold) hospitality, NARRABRI NSW
ResortBrokers proudly presents the Narrabri Serviced Apartments, an exceptional prospect situated in the heart of Narrabri. This Freehold Going Concern comprises nine units managed remotely by a single owner, promising a hassle-free blend of convenience and profitability.
Each of the nine self-contained two-bedroom apartments is meticulously designed to offer guests a cosy and comfortable stay, featuring fully equipped kitchens, spacious living areas, and access to communal amenities like barbecue areas and laundry facilities, all complemented by brand new heat pump water heaters.
This property benefits from a steady influx of corporate patrons from diverse sectors such as government, mining, medical, railways, and roadworks, thanks to the property's proximity to the CBD and the scarcity of competition in the local serviced apartment market.
Given the ongoing national rental challenges, there's a sustained demand for short to long-term accommodations, particularly within the corporate sphere, signalling a promising future for the Narrabri Serviced Apartments and the potential for consistent returns.
Furthermore, the property offers investors the flexibility to explore future repurposing or repositioning options, enhancing its appeal.
Narrabri Serviced Apartments emerge as an enticing opportunity, marrying a resilient operational framework with a favourable market stance.
- 9 x two-bedroom apartments,each self-contained andfully equipped.
- Freehold Going Concern, offeringa passive investment opportunitywith remote management.
- Strategically located in a sereneneighbourhood, within walkingdistance to essential services.
- Accommodates both short-termand long-term bookings, cateringto a wide range of guest needs.
- Potential for future growth withoptions to repurpose or repositionthe property.
- Operates in a niche market withlimited competition in the servicedapartment sector.
- Benefiting from the ongoingnational rental crisis, ensuringsustained demand.
- Regular corporate clientelefrom diverse sectors includinggovernment, mining, medical,railways and roadworks.
- Inspection by appointment only.
Date updated: 19 Jan 2025 22:00:02
More Information
- Total Purchase Price: $3,000,000
- Net Income: $ 319,960
(actual)
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?