Address available on request,
Parkes, NSW 2870
Hotel, Motel & Leisure
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FREEHOLD INVESTMENT MOTEL YIELDING 6.8%, HARD TO FIND - 1080MI
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)
Property Code: 4246
- 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)
Property Code: 4246
Parkes, 2870 demographic data
The median household income for Parkes is $1,401, 2% lower than Regional New South Wales's household income of $1,434. Parkes has a younger age profile compared to the rest of Regional New South Wales (median age 39 vs 43). Property ownership data shows 48% of property owners in Parkes have a mortgage.
11,324
Population
$1,401 per week
Median household income
39 years
Median age
Owners
Most residents
Families
Most households
04219046...
Address available on request
Parkes, NSW 2870
Tourism Brokers - NSW, QLD, VIC & TASCentralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119
BEECROFT, NSW 2119
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46 Orange Street,Parkes, NSW 2870 4500 m²Medical & Consulting • Hotel, Motel & Leisure • Development Sites & Land