Ivanhoe, New South Wales

MODERN BUILDING WITH LONG TERM LEASE MOTEL HOTEL - 70HI

INVESTMENT $1,200,000

Business Description

HOTEL INVESTMENT

- 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

Marketing Agent

Michael Philpott

Tourism Brokers

Key Investment Insights

AI generated. Confirm details with the seller.

1. Long-term secure lease, 10 years commenced 5 August 2020 with three 10-year options.
2. Annual rent $90,456 plus GST, subject to annual CPI increases.
3. Tenant is responsible for outgoings, reducing owner operating costs and risk.
4. Substantial depreciation available, offering potential tax advantages.
5. Positioned as a local landmark and service centre, attracting both locals and tourists.
6. sizable 4,812 sqm site, providing room for operations and outdoor amenities.
7. Seven newly refurbished motel rooms, each with queen beds, fresh linen, air-conditioning, lounge and ensuite.
8. Large country-style public bar with long timber counter and varied seating, supporting steady patronage.
9. 30-seat restaurant serving modern Australian cuisine, suited to hotel clientele and local diners.
10. Large landscaped outdoor area with covered seating, enhancing guest experience and event potential.
11. Fully equipped commercial kitchen with gas appliances, ample benches and a walk-in cool room, ready for hotel catering.
12. Onsite one-bedroom residence with ensuite and air-conditioning, providing owner or manager accommodation if required.