21-25 Welcome StreetParkes NSW 2870
Property Details for 21-25 Welcome St, Parkes
21-25 Welcome St, Parkes is a bedroom, bathroom House. The property has a land size of 1468m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other bedroom House sold in Parkes in the last 12 months.
Last Listing description (December 2022)
Don't miss this opportunity to own the Freehold of this newly-renovated, high-performing and immaculately presented 24-room motel located in the heart of Parkes, NSW.
With the motel recently undergone major refurbishment of the 24 rooms and reception over the past two years, including but not limited to new cabinetry, paint, carpets, window furnishings, beds, furniture and appliances. All the hard work is done!
Freehold motels of this calibre are rare in booming towns like Parkes so don't miss out on this unique opportunity and contact Chris today for further information.
- Ideally located in the centre of Parkes
- Multiple night stays resulting in low operational costs
- Consistent performer - high occupancy
- 64 solar panels installed to minimise operational costs
- Comfortable two-bedroom owner's residence located adjacent to reception
- A good variety of room types to cater to a wide market mix
- Easy to manage - no restaurant, pool or gardens
- All 24 rooms and reception refurbished to a high standard. Nothing more to spend
- 2023 projected turnover $1,037,912 with an expected Net profit of $736,917
- Property inspections are by appointment only
Property History for 21-25 Welcome St, Parkes, NSW 2870
- 22 Jul 2024Sold for $3,800,000
- 24 Jan 2023Listed for Sale $5,500,000
- 21 Nov 2022Listed for Sale $5,500,000
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0About Parkes 2870
The size of Parkes is approximately 975 square kilometres. It has 38 parks covering nearly 12% of total area. The population of Parkes in 2011 was 11,265 people. By 2016 the population was 11,421 showing a population growth of 1.4% in the area during that time. The predominant age group in Parkes is 0-9 years. Households in Parkes are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parkes work in a trades occupation. In 2011, 65.4% of the homes in Parkes were owner-occupied compared with 64.6% in 2016.
Parkes has 6,875 properties. Over the last 5 years, Houses in Parkes have seen a 63.39% increase in median value, while Units have seen a 33.57% increase. As at 30 September 2024:
- The median value for Houses in Parkes is $372,440 while the median value for Units is $298,754.
- Houses have a median rent of $430 while Units have a median rent of $270.
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