HIGH YIELDING PROPERTY IN BOOMING MINING TOWN

Property Type: Motel
Sale Type: Leasehold
Price: $290,000 + SAV
Region: NSW - North West
Agency Type: Exclusive

Enjoy extremely high occupancies and high operating profit margins due to guests' long term stays. When will China stop wanting coal?

• New 30 year lease. (5x5x5x5x5x5 year options)
• Rent $ 67,000 + GST CPI indexed
• 13 units (3 star) – all recently painted. No restaurant or evening meals
• Most laundry done off site. Long Stays. Minimal cleaning - one person operation
• New inground pool recently installed
• Average room rate has jumped from $70 (09) to $98 (for July, Aug, Sep, Oct 2009)
• 3 bedroom residence – split system air conditioning
• First mine is operational, two more to be developed

Projected net profit:  $103,000 (After rent)

Projected turnover:  $320,000