New 30 year leasehold purchase of 14 country styled motel units all of which have recently been refurbished are being offered with a superb small dining restaurant with bar highlighted by an external deck surrounding great tables & stools for that quiet afternoon "sip"!! A below average annual rent of $105,000 and a NOP of $164,524 (36% return) after rent & all operating costs make this a serious contender for that new motel operator.
The size of Taroom is approximately 1,382.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Taroom in 2011 was 873 people. By 2016 the population was 873 showing a stable population in the area during that time. The predominant age group in Taroom is 0-9 years. Households in Taroom are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Taroom work in a managers occupation. In 2011, 67.4% of the homes in Taroom were owner-occupied compared with 65.4% in 2016.
Taroom has 623 properties. Over the last 5 years, Houses in Taroom have seen a 82.95% increase in median value, while Units have seen a -60.20% decrease. As at 30 September 2024:
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