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. Outgoings are paid by the tenant, providing a hassle-free investment.
3. The lease has a long term of 10 years, with 3 x 10 year options, providing stability and potential for future growth.
4. Annual CPI increases of $90,456 (plus GST) provide a steady income stream.
5. Substantial depreciation benefits for the property.
6. The building is a local landmark and has been in operation since 1996.
7. The hotel serves as a service centre for the area, attracting a reliable gathering of locals and tourists.
8. The motel rooms have recently been refurbished and offer a comfortable stay for guests.
9. The hotel features a large country-style public bar, a 30-seat restaurant, and a landscaped outdoor area, providing multiple revenue streams.
10. The kitchen is well-equipped to cater to the hotel clientele, with commercial appliances and ample space.
11. A one-bedroom residence onsite provides convenience for the owner or manager.
12. The hotel offers a home-away-from-home experience for guests, making it a popular choice for accommodation.
13. Annual rent of $90,456 plus GST provides a strong return on investment.
14. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
15. Property ID: 70HI (quote when enquiring).
16. Property Code: 4852.
