7-9 Bushman Street,
Parkes, NSW 2870
Hotel, Motel & Leisure • Shops & Retail • Other
Price information
Sale
Contact Agent
Key property information
Land area
Floor area
Property extent
Tenure type
Tenanted Investment Details
Occupancy
Fully Leased
Est. Incomep.a.
$213,846
Number of Tenants
1 Tenant
Tenants / Type
Hotel
Private inspections
to arrange a private inspection.
Map of 7-9 Bushman Street
Train stations within 5 km of 7-9 Bushman Street, Parkes, NSW 2870 Distance Parkes Railway Station 1.1 km POWERED BY HERE ©Bus stops within 5 km of 7-9 Bushman Street, Parkes, NSW 2870 Distance Albert St at Bushman St 95 m Victoria St at Albert St 311 m Orange St After Gap St 414 m Cuggajong St Before Bushman St 417 m Currajong St at Victoria St 479 m POWERED BY HERE ©
POWERED BY HERE ©
Rare 30 Year Net Lease Hotel - Circa 8% Yield Investment
- 4 Star Boutique Accommodation Hotel
- Long 30 Year Lease + Options
- Net Lease + Guaranteed Rental Growth
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
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
Property ID: 504533144Last Updated: 10 May 2024
Burgess Rawson - Sydney
Level 11.02, 9 Castlereagh StreetSYDNEY, NSW 2000
7-9 Bushman Street
Parkes, NSW 2870
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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