77HF - HISTORIC HOTEL FOCUSED ON FARM STAY ACCOMMODATION
FREEHOLD HOTEL $2,600,000
FREEHOLD GOING CONCERN HOTEL
Built in 1936, the Grand Hotel has served locals and visitors alike for many years and with the current owners being committed elsewhere has now been offered for sale for the first time since 1994.
The property features:
- 19 bedrooms upstairs
- 11 showers
- 8 toilets
- 2 large lounge rooms
- 2 spacious dining rooms
- Downstairs and upstairs kitchens
- Manager's Quarters
- 2 separate bars and bar lounge areas
- 8 pool tables
- Drive through and bottle shop
- Large double bay lockable storage area
- Spacious timber deck overlooking the CBD and surrounding hills.
- Large 1,402 sqm corner allotment with great exposure.
With two working bars and so much space, the property is full of potential. There is an outdoor area which could be used as a beer garden/outdoor entertaining. The Hotel is also home to monthly pool competitions bringing in patrons from all over the Far North area.
The upstairs area is registered for 70 guests and has a current income in place generated through backpacker lodging.
Potential exists to reopen the downstairs pub and bistro; add poker machines the potential is enormous.
Location, location, location, this property is central to everything. The property is freehold and is selling on a W.I.W.O basis.
Owners have decided to retire and have just focussed on running the hotel for accommodation only, property has enormous opportunity to re position it.
Based on $30 nightly tariffs, 70 Beds at 70% occupancy this accommodation has potential and can net well over $400,000 per annum in the right hands.
Net Profit: $60,790 for 2018/19
Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.
Property ID: 77HF (quote when enquiring)
Property Code: 3748
Hotel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -