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 lease in place, 10 years commenced 5 August 2020 with three further 10-year options.
2. Annual rent $90,456 plus GST, subject to CPI increases.
3. Tenant pays outgoings, reducing owner operating cost exposure.
4. Substantial depreciation available, offering potential tax benefits.
5. Established local landmark and service centre, consistent patronage from locals and tourists.
6. Property footprint 4,812 sqm, providing scale and scope for outdoor amenities.
7. Seven newly refurbished motel rooms with queen beds, fresh linen, air-conditioning, lounge and ensuites, enhancing guest appeal.
8. One bedroom onsite residence with ensuite and air conditioning, suitable for manager or owner use.
9. Large country style public bar with long timber counter and varied seating, supporting steady beverage revenue.
10. 30-seat restaurant serving modern Australian cuisine, complementing accommodation and bar trade.
11. Well-equipped commercial kitchen with gas appliances, ample bench space and a walk-in cool room, ready for full food service operations.
12. Large landscaped outdoor area with covered zones and bench seating, increasing alfresco dining and event potential.
