Ivanhoe, New South Wales
70HI - 10% Return with Long Lease and Stable Tenant
SOLD
Business Description
- Secure a long-term investment opportunity with a strong lease.
- A local landmark for the area.
- Business established for approximately 50 years.
- The old premises burnt down in late 1995 and the current one was built in 1996.
- The current operators have a strong network of businesses and are keen to have the capital in business rather than the real estate and are offering a strong lease for investors.
- Provides comfortable pub-style accommodation with welcoming bar areas for patrons, undercover outdoor area and a strong restaurant.
- Service centre for the area and has a constant reliable gathering of locals and tourists alike.
- 7 newly refurbished motel rooms with ensuite. Brand new queen beds all fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make that stay a bit more like home.
- Guests have access to great food and drinks within the property, so they don’t have to go anywhere else to feel right at home.
- 4,812 m2
- 10 years from settlement with 3 x 10 year options (40 year lease in total from settlement).
Annual Rent: $77,175 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 70HI (quote when enquiring)
Property Code: 3434
Business Summary
Key Investment Insights
1. Secure long-term investment opportunity with a strong lease.
2. Local landmark for the area.
3. Business established for approximately 50 years.
4. Current premises built in 1996 after previous one burnt down.
5. Strong network of businesses and offering a strong lease for investors.
6. Provides comfortable pub-style accommodation and welcoming bar areas.
7. Service centre for the area with reliable gathering of locals and tourists.
8. 7 newly refurbished motel rooms with ensuite and modern amenities.
9. Access to great food and drinks within the property.
10. Large property size of 4,812 m2.
11. 10 year lease with 3 x 10 year options (40 year lease in total).
12. Annual rent of $77,175 plus GST.
13. Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
14. Property ID: 70HI (quote when enquiring).
15. Property Code: 3434.
