20 Marshall, Cobar, New South Wales

Leasehold of the Iconic Great Western Hotel in Cobar

$100,000

Property Description

*Only pub in town with Poker Machines. In addition it has 20 motel units.
*The Pokies have shown a profit after tax of $ 315K - 2019, $400K - 2020 and $322K for 9 months of 2021.
*Turnover for the last 3 financial years $2,174,696 - 2018, $2,288,435 - 2019, $2,146,416 - 2020
* 3 year lease. A longer lease is negotiable. Rent $3500 + GST per week.
*The hotel itself has two bars, beer garden, restaurant and a cafe. Their meals are renowned for being equal to the best in town.
*The Landlord is prepared to provide funding for upgrading and expansion.
*Landlord is also prepared to add a further 2 poker machines for the appropriate tenant.
* A Bond of $100,000 in addition to the Leasehold price of $100,000 will be applicable.

Property Summary

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Marketing Agent
Jim McDonald
Jim McDonald

Jim McDonald Brokers

Jim McDonald Brokers

Listing location
Gallery

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