Rare 30 Year Net Lease Hotel – Circa 8% Yield Investment
7-9 Bushman Street, Parkes NSW
Property Highlights
Description
Burgess Rawson is pleased to offer to market this well established hotel investment located at 7-9 Bushman Street, Parkes NSW for Sale for Private Treaty.
Indicative Price $2,700,000 (7.9%)
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
For Sale by Private Treaty
Indicative Price $2,700,000 (7.9%)
Please contact the exclusively appointed sales team for more information.
*Approx
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