5 Mackillop Street, Parap, NT 0820

Hotel/Leisure

For Sale $2,238,000

  • Property ID: 387158
  • Floor Area: 1000m²
  • Land Area: 1530m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the premises (FTTP)
Solid Investment Freehold Motel in Darwin - Freehold Going Concern

The Para Vista Motel is located a short stroll from the Parap Village Markets, Parap Hotel and only few minutes from Fannie Bay race course and Darwin City.

19 rooms plus a 3 bedroom cottage, pool, BBQ area and ample car parking on a 1530 sqm block.

Great opportunity to purchase a freehold and perhaps in the future consider selling the lease and retire.

* Exceptional investment opportunity with a very high net profit
* Recent renovations and upgrades to all 19 rooms
* Outstanding guest reviews (8.0 Superb Booking.com) assuring repeat clientele
* Short walking distance to restaurants, markets and Parap hotel
* Very popular motel with consistent year on year income & profits
* Air-conditioned, satellite TV and free Wi-Fi
* In house laundry service and guest kitchen
* Ancillary income from communications tower with a perpetual lease

With the local real estate market booming, the Para Vista Motel presents a perfect opportunity to purchase a rock solid freehold motel in area with very little budget accommodation.

Make your enquiry today and receive more information on the motel, why not book an inspection and take a look around town while you are here, you're sure to be impressed.

Nearby Attractions…
Parap Market: 0.6 km.
Museum & Art Gallery of the Northern Territory: 1 km.
Darwin Botanic Gardens: 1.1 km. George Brown Darwin Botanic Gardens: 1.1 km. Fannie Bay Race Course: 1.2 km. Aquascene: 2.9 km. Darwin Entertainment Centre: 2.9 km. Crocosaurus Cove: 3 km. Mindil Beach: 1.3 km.

Restaurants & cafes...
Restaurant Parap Tavern: 0.3 km. Raging Bull Steakhouse: 0.3 km.
Oka Teppanyaki Restaurant: 0.8 km. Darwin Sailing Club: 1.2 km.

Parap Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail $3597 --- ---
Offices $3249 $316 9.74%
This is the average advertised price, rent and yield for Parap, NT 0820*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Tools

  First National Commercial O'Donoghues

 

View Agency Profile

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×