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.
2. Outgoings are paid by the tenant.
3. 10-year lease with 3 x 10-year options.
4. Annual CPI increases of $90,456 (plus GST).
5. Substantial depreciation benefits.
6. A local landmark for the area.
7. Built in 1996 after the previous hotel burnt down in 1995.
8. Service centre for the area, attracting both locals and tourists.
9. 4,812 sqm property.
10. 7 newly refurbished motel rooms with modern amenities.
11. Large country-style public bar and 30-seat restaurant.
12. Landscaped outdoor area with covered seating.
13. Well-equipped commercial kitchen and walk-in cool room.
14. Onsite one-bedroom residence for owner or manager.
15. Comfortable and homely atmosphere for guests.
16. Annual rent of $90,456 plus GST.
17. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
18. Property ID: 70HI (quote when enquiring).
19. Property Code: 4852.
