Port Pirie, South Australia

Luxury 19 room regional hotel, showing 36.2% return. | Resort Brokers ID : LH007069

799,000

Property Description

A long term 27-year lease and showing 36.2% return, this high-end regional hotel is only 5.5 years old. Built with luxury in mind, the Ellen Hotel opened its doors in July 2016. This ultra-modern 19 room accommodation and restaurant has shown strong post covid recovery and is well placed for owner-operators to enjoy the surge in the regional accommodation market.

• Long term 27-year lease


• Showing 36.2% return


• High-end accommodation, nothing like it in the region


• Perfect for owner-operators


• 40 Pax restaurant, however, is licensed for 70


• Solid forward bookings for 2022


• Post-COVID recovery has been strong


• Opened mid-2016, only 5.5 years young


• Turn over in excess of $1m


• Inspections are by appointment only

Date updated: 22 May 2022 23:00:11

Property Summary