2 King Street, Scottsdale, Tasmania

Prime Passive Income Lords Hotel Scottsdale Tasmania at Offers over $1.3m

Offers over $1.3m

Property Description

Magnificent character turn of the century hotel on a prominent corner position, most recognisable land mark building in the North East.

Excellent investment due to a well qualified tenant who has invested heavily in the business and pays all outgoings.

The substantial building comprises 16 accommodation rooms, very comfortable manager's quarters, public bar, spacious dinning room, gaming room, Stronach event room, commercial kitchen 4 x 4.5 star motel rooms, bike storage and plenty of on site parking. The whole property is in excellent condition.

The tenant derives income from accommodation, bar sales, food and gaming ( Keno, Tab and Pokies).

This great opportunity is available now, with Scottsdale and the whole North East enjoying an upsurge in economic growth and activity, in part due to the mountain bike tracks and buoyant rural sector.

This hotel will enjoy increased profits when the poker machine ownership changes occur.

With commercial big 4 bank funding available through this broker @ 2.49%, this is an investor's dream with commercial rates so low, lift your standard of living if you are a self funded retiree.

This is a freehold property sale only, contact Paul Scott at ----------

INTENDING PURCHASERS TO MAKE THEIR OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF; Please Note: All figures quoted are approximate

Property Summary

Motel Information

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -
Marketing Agent
Paul Scott
Paul Scott

Business Brokers Network Australia

Business Brokers Network Australia

Listing location
Gallery

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