Ivanhoe, New South Wales
MODERN BUILDING WITH LONG TERM LEASE MOTEL HOTEL - 70HI
INVESTMENT $1,200,000
Business Description
- Long-term investment opportunity with a strong lease.
- Outgoings are paid by the tenant.
- 10 years commenced August 5th, 2020 with 3 x 10 years options.
- $90,456 (plus GST) annual CPI increases.
- Substantial depreciation .
- A local landmark for the area.
- The old hotel burnt down in late 1995 and this one was built in 1996.
- Service centre for the area and has a constant reliable gathering of locals and tourists alike..
- 4,812 sqm.
- 7 newly refurbished motel rooms. They feature brand new queen beds fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make the stay a bit more like home.
- Large country style public bar with long timber counter with stools plus other assorted tables and chairs.
- 30 seat restaurant serving modern Australian cuisine.
- Large landscaped outdoor area with covered areas and bench seating.
- The Hotel kitchen is suitably equipped to cater to the hotel clientele with commercial appliances, gas facilities, ample bench space and a walk-in cool room.
- One bedroom residence onsite with ensuite and air conditioning.
- Guests don’t have to go anywhere else to feel right at home.
Annual Rent: $90,456 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 70HI (quote when enquiring)
Property Code: 4852
Business Summary
Key Investment Insights
1. Long-term investment opportunity with a strong lease in place.
2. Tenant covers all outgoings.
3. 10-year lease with 3 x 10-year options.
4. Annual CPI increases of $90,456 (plus GST).
5. Substantial depreciation benefits.
6. Well-known local landmark.
7. Modern building built in 1996 after the previous hotel burnt down.
8. Located in a service centre for the area, attracting both locals and tourists.
9. Large property size of 4,812 sqm.
10. Recently refurbished with 7 motel rooms featuring new queen beds and modern amenities.
11. Large country-style public bar and 30-seat restaurant serving modern Australian cuisine.
12. Spacious outdoor area with covered seating.
13. Well-equipped kitchen with commercial appliances and walk-in cool room.
14. Onsite one-bedroom residence for owner or manager.
15. Offers a comfortable and home-like experience for guests.
