0407 835 207 kim@krproperty.com.au

14 Lloyd Street, NARRABRI NSW 2390

For Sale EXPRESSIONS OF INTEREST
Property Details

14 Lloyd Street, NARRABRI NSW 2390

For Sale EXPRESSIONS OF INTEREST
Hotel/Leisure
Description

OUTSTANDING INVESTMENT IN BOOMING LOCATION

Hotel/Leisure - NARRABRI NSW

9 Serviced Apartments – Low Risk – Strong Returns – Good Capital Growth Prospects.

Are you a savvy investor, a self-funded retiree, or a corporation/business requiring reliable,
local accommodation? If so, now is the time to secure yourself a prosperous future with this
rare and outstanding investment opportunity. “Narrabri Serviced Apartments” is an
impressive complex consisting of 9 x 2-bedroom apartments, which have always experienced
high occupancy rates with a solid client base, including many long term and continuing
clients that range from the science, medical, teaching, mining, inland rail and coal seam gas
sectors.

With vacancy rates continuing to tighten and demand for quality rental properties increasing
due to the significant 7.6 billion dollars’ worth of state projects and an estimated population
increase of 5000 over the next 5-6 years in the Narrabri Shire, there has never been a better
time to invest in this market than now.

Key Investment Points:
• Short-term rate $840/wk.
• Long-term rate $600/wk.
• Gross income of $264,000 per annum or 8.8% return.
• *Occupancy is in the order of 90% per annum.
• *Running costs are currently $67,000 per annum.
• *Insurance – $3,540.00 per annum.
• *Rates – $1,515.00 per quarter.
• Central location.
• Excellent returns with future growth.
• Each furnished apartment comprises of the following:
• Open plan kitchen, living & dining with tiled flooring, split system air-conditioning.
• and roller blinds.
• Bathroom with shower, vanity and combined laundry. Separate toilet.
• Two carpeted bedrooms with freestanding wardrobes.
• Coded Entry.
• Carport.

Additional information:
• Double brick walls with a new iron roof and insulation.
• All fire security requirements and firewalls in the ceiling.
• Commercial grade locks and safety rails.
• Storage container for linen and garden shed.
• Laundry shed and BBQ area.
• Contract cleaner and grounds man.

Complimentary to the sale:
• Registered trading name, “Narrabri Serviced Apartments”.
• Furnishings in each apartment.
• Managed remotely via the website & Facebook.
• Property Management software access which is linked to the website.
• Highway roadside advertising.

Conclusion:
• Positioned in a high-demand area with a rapidly rising property market.
• Solid tenant portfolio.
• Low maintenance, with a strong rental yield & modest overhead.
• Walking distance to the CBD, cafes, hotels and sporting fields.

Narrabri: A bustling well-serviced town situated on the Newell Highway, is surrounded by
rich agricultural land and has numerous tourist attractions. The town also boasts a 1000 seat
auditorium/theatre complex and access via plane and train. Its future growth is ensured with
existing agriculture, scientific research stations, local industry and mining, as well as the
exciting new prospects of coal-seam gas and the inland rail hub.

Make sure you don’t miss out on this buoyant and rapidly rising property market! Make and offer!
*Approximately

Property Features
  • Hotel/Leisure
  • Land is 1,941 m²
  • Floor Area is 630 m²
  • 9 Car Spaces
Commercial Features
Zone

General Residential