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 3 x 10-year options, providing up to 40 years of potential term.
2. Tenant pays outgoings, reducing landlord operational cost exposure.
3. Annual rent $90,456 plus GST, indexed with CPI increases, creating predictable income growth.
4. Substantial depreciation available, offering potential tax benefits to a purchaser.
5. Modern building constructed in 1996 after the original hotel burned down, indicating relatively modern fabric and replacement history.
6. Local landmark and service centre, with consistent patronage from both locals and tourists, supporting stable occupancy and trade.
7. Large site of 4,812 sqm, offering scope for outdoor amenity and future use flexibility.
8. Seven newly refurbished motel rooms, each with queen beds, fresh linen, air-conditioning, lounge and ensuite, enhancing accommodation appeal.
9. One-bedroom onsite residence with ensuite and air-conditioning, providing owner or manager accommodation if required.
10. Large country-style public bar with long timber counter and varied seating, plus a 30-seat restaurant serving modern Australian cuisine, supporting diversified revenue streams.
11. Large landscaped outdoor area with covered seating, improving patron experience and increasing usable trading space.
12. Commercial-grade kitchen with gas appliances, abundant bench space and a walk-in cool room, suitable for current hotel restaurant and bar operations.
