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2409ML - 30 year Lease on a 37% Return

NHILL VIC, 3418

For Sale

Property for Sale in NHILL VIC, 3418

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119

Listing ID:
9020856
Status:
Active
For:
Sale
Price:
Reduced Leasehold $540,000
Last Updated:
09/09/2019
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Property Type

Hotel/Leisure
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Land Area

N/A
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Floor Area

1 SQM
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Parking

N/A

2409ML - 30 year Lease on a 37% Return

- A classic and beautiful refurbished property half way between Adelaide and Melbourne

- Strong inter capital trade (more people still travel by road than air or rail)

- Strong medical tourism destination

- Potential growth through the restaurant that’s currently unused

- A very fair rent

Zero Inn is the top motel in Nhill. Extra to its attraction as the inter capital half way point, Nhill is also part of the Australian food bowl. Chances are that Peking Duck you had last Saturday night probably started as a Nhill Duck. (We’re happy to share the fame around).

Net profit $238,524 for 2018/19

Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2409ML (quote when enquiring)

Location: The town of Nhill is located between the smaller centres of Dimboola and Kaniva in the west of the Victoria. It is approximately at the half-way point between Melbourne and Adelaide on the Western Highway.

Nhill is situated within a rich wheat growing and sheep grazing district, as well as being surrounded by a number of state and national parks. The Little Desert National is just a short drive south of town while the vast waters of Lake Hindmarsh are around 40 kilometres north-east of Nhill near the town of Jeparit.

The commercial centre of Nhill extends along Nelson Street and around the corner into Victoria Street, both of which are wide boulevards with gardens located within their median strip. Goldsworthy Park has particularly attractive gardens and occupies the central strip along the northern end of Victoria Street. It features a large war memorial, a bronze draught horse monument to signify the important role the breed had in working the wheat fields, a band rotunda, visitor information centre, playground, shelters and lawns.

Property Code: 1501

For more details, please email agent

Tourism Brokers

34 Lamorna Avenue , Beecroft, NSW 2119


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