FOR SALE
Leasehold $480,000

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Broken Hill NSW 2880

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Broken Hill Leasehold Motel with 33+ Year Lease Operating Under Management - 1P6131M

CRE Brokers proudly present The Lodge Outback Motel Broken Hill for sale as a leasehold business.
This outstanding accommodation business presents an opportunity to secure the following key benefits:
. comparatively low cost start-up fee (under $500,000)
. long term lease - 33.5 years
. large Motel (23 rooms)
. currently operating under management
A wide range of customers include interstate travellers and tourists, industry experts, workers, corporate sales reps and coach companies.

Property Details for Contact Agent For Address, Broken Hill

Building Type
Commercial

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About Broken Hill 2880

The size of Broken Hill is approximately 13,004.9 square kilometres. It has 43 parks covering nearly 2.2% of total area. The population of Broken Hill in 2011 was 18,776 people. By 2016 the population was 17,837 showing a population decline of 5.0% in the area during that time. The predominant age group in Broken Hill is 50-59 years. Households in Broken Hill are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Broken Hill work in a professional occupation. In 2011, 74.2% of the homes in Broken Hill were owner-occupied compared with 71.9% in 2016.

Broken Hill has 11,314 properties. Over the last 5 years, Houses in Broken Hill have seen a 102.01% increase in median value, while Units have seen a 87.73% increase. As at 31 August 2024:

  • The median value for Houses in Broken Hill is $185,840 while the median value for Units is $168,158.
  • Houses have a median rent of $350 while Units have a median rent of $230.
There are currently 132 properties listed for sale, and 21 properties listed for rent in Broken hill on OnTheHouse. According to CoreLogic's data, 538 properties were sold in the past 12 months in Broken hill.

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Darren Leaney
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.