Tocumwal “The Palms” Hotel Motel
Tocumwal “The Palms” Hotel Motel
Freehold Passive Investment - $975,000
SOLD - FREEHOLD INVESTMENT - Tocumwal Hotel Motel, NSW - 1P0209
Agent
Dan McDonald
0437838368
Tocumwal “The Palms” Hotel Motel
Freehold Passive Investment - $975,000
EXCLUSIVE TO MHB
ATTENTION INVESTORS – VENDOR SAYS SELL – MAKE AN OFFER!
Murray River Hotel Motel Investment Opportunity
Unique hotel motel property, securely leased to a brand new tenant on a large land parcel situated in the centre of the holiday hot spot of Tocumwal, NSW.
Single level building, 8 x motel units, the best beer garden and food and beverage income streams, adjacent to the mighty Murray River.
Key Features:
* Buyers yield of approx. 7.17% increasing to approx. 8.21% by 1.2.2025
* Long lease in place until 2050
* Secure tenant in place
* Rental increases to $80,000 ex GST by 1.2.2025
* 8 x motel units reinforce the tenants income streams with bar & bistro
* Unbeatable location with street facing beer garden
* Rear walking access just 100m to the Murray River
* Separate 3 x bedroom residence with 4 x car garaging
* Many recent improvements and refurbishments across the venue
* Situated up approx. 3,208m2 of RU5 Village Zoned land
A simply outstanding regional NSW Freehold Investment opportunity.
A must to consider!
Contact Dan McDonald at MHB direct on 0437 838 368 to discuss.