96 Belmore Street, Yarrawonga, Victoria

Burkes Hotel Motel, Yarrawonga VIC - 1P0077

Leasehold $1,495,000

Property Description

EXCLUSIVE TO MHB

The Best Victorian Leasehold Hotel Business On The Market!

Famous Burkes Hotel/Motel, Yarrawonga. A traditional Australian hotel with diverse income streams for the savvy modern hospitality professional.

Exceptional Lease terms with a long lease and very attractive rent.

Revenue streams across food, bar, functions and 20 smart motel units in an enviable location deliver an unbeatable bottom line. Accommodation revenue - $350K plus!

Ideally located in the heart of the dynamic regional centre of Yarrawonga, Burkes is a beautifully presented, modern Hotel/Motel with many features including a spacious open plan public bar, TAB, lounge, bistro/dining, commercial kitchen, 2 x function spaces, alfresco dining, beer garden plus a 1 bedroom, 2 bathroom and lounge residence.


Key Features:

* Long 27 year Lease in place
* 38.4% (approx.) Buyers Yield
* Rent @ 5.8% of turnover with accommodation revenue of $350K plus
* Public bar, TAB, bistro, function, accommodation
* Ideal golf & tour destination offering 20 accommodation rooms
* Fantastic floor plan delivering high volume revenue opportunities
* Prominent central city location
* Excellent plant & equipment
* Ample secure parking for patrons and guests

Contact Dan McDonald today to arrange your inspection of this outstanding business opportunity.

Property Summary

Motel Information

Hotel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Other Features / Notes

Hotel, Leasehold, VIC - North East
Marketing Agent
McDonald Hospitality Brokers (MHB)

McDonald Hospitality Brokers (MHB)

Listing location
Gallery

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