Regional City Palms Motel Dubbo sold following a successful off market campaign by Ray Larking of MQ Brokers.
The Palms Motel Dubbo has new owners, Sheeji Group Corporation Pty Ltd after a successful off market campaign. The Palms Motel Dubbo is located in one of NSW most sought-after regional locations. Located on the main street of the city of Dubbo the property enjoys strong year-round trade.
The sale of the Palms Motel Dubbo following on from the recent sale of the award winning Horatio Motel, Mudgee reinforcing the strong demand for regional accommodation Freehold Motels.
The Palms Motel offered 23 units including 4 spa suites and 2 x 2-bedroom suites plus a disabled unit. All units come with quality appointments throughout. There is also a pool and BBQ with secure parking for guests.
Dubbo is 4.5 hours from Sydney, 6 hours to Melbourne, 7 hours to Brisbane, this along with the Taronga Western Plains Zoo make this the ideal stopover for travellers. This along with a strong corporate trade make Dubbo an attractive investment region.
During the off-market campaign MQ received over 100 requests for the Information Memorandum which demonstrates the demand for these Freehold assets.
Mr Larkin confirms MQ Brokers have several other Freehold sales to settle in the next two months He also confirms a strong base of waiting buyers for Freehold Country Motel & Caravan Parks.
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