Rare 30 Year Net Lease Hotel – Circa 8% Yield Investment

7-9 Bushman Street , Parkes NSW

Property Highlights

4 Star Boutique Accommodation Hotel
Long 30 Year Lease + Options
Net Lease + Guaranteed Rental Growth
Register to Bid

Description

Burgess Rawson is pleased to offer to market this well established hotel investment located at 7-9 Bushman Street, Parkes NSW for sale via our Investment Auction Portfolio 167.

The property has the following key investment highlights:

+ 4-star boutique accommodation hotel
+ Rare 30 year lease until 2044 + options to 2064
+ 20 well-appointed rooms + restaurant
+ Future upside: potential for more rooms (STCA)
+ Annual rent increases to greater of CPI or 2%
+ Net lease, tenant pays all usual outgoings, as per lease
+ Net Income $213,846 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: https://auctionslive.com/app/bidder-registration/3m0RB

Please contact the exclusively appointed sales team for more information.

*Approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Land Size
3,726 SQM
Building Area
3,726 SQM

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