Listing ID: 788
Here is an outstanding opportunity to corner the accommodation market in Broken Hill with two successful businesses - or negotiate to buy just one.
Broken Hill is known for its relaxed pace of life, friendly locals and its great range of social activities, including two major race meetings (St Pat's and the Silver City Cup), Red Desert Live (a music, food, film, & art festival) and Agfair (a two-day agricultural field day event held every 2 years).
With a resident population of around 25,000 - with 40,000 in the regional area - Broken Hill is also known for its many local artists and galleries, making it an extremely popular destination for tourists and grey nomads.
This excellent freehold investment package includes the Silver Spade Motel and Broken Hill Tourist Lodge, both located on the main street and currently operated by the same owners.
Broken Hill welcomes an average of 300,000 tourists each year, and the Tourist Lodge is currently returning good figures. It's in very good condition and has recently undergone a partial renovation. All rooms have air-conditioning, and there is a communal TV lounge. Other great features include a fully equipped main kitchen, on and off-street parking, a recreational room, communal kitchen, lounge with computer access, modern laundry, swimming pool and BBQ area.
Freehold price: $450,000
The 3.5-Star Silver Spade Motel comprises a range of accommodation, and rooms include private bathroom, refrigerator, TV, coffee/tea-making facilities, and more.
Freehold price: $750,000
At a glance:
- Businesses can be purchased together or separately
- Close to bus terminal, train station, shops, cafes, art galleries, parks and tennis courts
- Tourist Lodge can accommodate groups of up to 60 guests for school, sporting and tour groups
This is an excellent opportunity to earn a very good income whilst enjoying Broken Hill's laidback lifestyle and great facilities. Buy one, buy both - the choice is yours!
Broken Hill, New South Wales 2880