Adelaide, South Australia

$2,700,000 + SAV

Property Description

OUTSTANDING LEASEHOLD HOTEL IN THE HEART OF THE CBD. | Resort Brokers ID : LH006187

On offer is the rare opportunity to purchase the business of this Iconic Adelaide hotel. Showing a 32% return to owner operators, with a long term lease, multiple income streams and perfectly positioned in Adelaide CBD.



  • 30 well-appointed rooms with marble bathrooms

  • High netting over $850,000

  • Multi income streams with gaming, accommodation, food and beverage

  • 32 gaming machines with a license for 40 machines

  • 2 functions areas hosting weddings, corporate functions and events

  • Consistent year on year trading performance

  • First lounge bar and restaurant located on level 1 with balcony overlooking Rundle Mall

  • Basement bar with UBET, Lotteries facilities located in basement bar

  • Significant refurbishments have been undertaken

  • Property inspections are by appointment only

Date updated: 17 Feb 2020 23:00:06

Property Summary

Business Snapshot

Price: $2,700,000 + SAV Net Profit: $881,513

Hotel Information

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

Marketing Agent


Marketing Agency

ResortBrokers

Kelli Crouch
ResortBrokers

Phone

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Map Location ( get directions )

Adelaide, South Australia 5000 Exact map location not provided

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