98 Argent Street, Broken Hill NSW 2880

Barrier Lodging House is an institution in Broken Hill on approximately a 1,012 square metre allotment of prime CBD real estate. It is positioned in the main shopping Street of the city, within walking distance to restaurants/ clubs and close proximity to the two big shopping centres. The building has recently been upgraded with new paint inside and upgraded common bathroom facilities.
There are 10 individual boarding rooms with 2 shared bathrooms & toilets, a shared laundry and shared kitchen. In addition, there is a separate partially renovated manager's quarters with its own bathroom, kitchen and living areas.
The current owners does not reside at the property and only manages the day-to-day operations from their own home. Currently it takes no more than an hour daily to single handily operate the business. Vendor states returns are approximately $1,100 per week, fully tenanted, from a mixture of permanent tenants and short-stay patrons.
Whist the business can be successfully run under management, there is massive scope for growth under a hands-on owner operator. Broken Hill is home to historically one of the largest mining operations in the world. It is also a major tourist attraction stop over for those travelling on their rural adventure.
With strong potential don?t miss this rare opportunity.