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, providing stability and potential for consistent income.
2. Outgoings are paid by the tenant, reducing financial responsibility for the owner.
3. 10-year lease with 3 x 10-year options, providing potential for long-term tenancy and income.
4. Annual CPI increases of $90,456 (plus GST), ensuring potential for growth in rental income.
5. Substantial depreciation benefits for the owner.
6. A local landmark for the area, providing potential for a loyal customer base.
7. The building is relatively new, built in 1996 after the previous hotel burnt down in 1995.
8. The hotel serves as a service centre for the area, attracting both locals and tourists.
9. The property is a large 4,812 sqm, providing potential for further development or expansion.
10. The motel rooms are newly refurbished and feature modern amenities, providing comfort for guests.
11. The hotel has a large country-style public bar and a 30-seat restaurant, providing potential for additional income streams.
12. The large landscaped outdoor area with covered areas and bench seating provides a pleasant atmosphere for guests.
13. The hotel kitchen is well-equipped to cater to the hotel clientele, with commercial appliances and ample bench space.
14. The one-bedroom residence onsite provides convenience for the owner or manager.
15. The hotel provides a home-like atmosphere for guests, potentially attracting repeat business.
