Motel · Parkes · LH007844

Presenting an exclusive opportunity, we bring to market the leasehold of the North Parkes Motel, ideally situated on the north side of Parkes, along the main thoroughfare into town. This double-brick property is impeccably maintained with minimal external landscaping required. Boasting a 3.5-star rating and 36 rooms, the motel enjoys consistently high occupancy throughout the year. The motel has achieved impressive financial performance, with a solid turnover of $1,384,699 in 2023, and an adjusted net profit of $522,622, maintaining an average annual occupancy of 64%. Adding to its allure, the manageable annual rent of just over $100,000 makes it an attractive prospect for potential buyers.