OUTSTANDING PASSIVE INVESTMENT, 10% RETURN
The property consists of the well known Lees Hotel/Motel, together with 3 retail tenancies all tenanted by experienced long term and very stable tenants.
The property has undergone extensive renovations over a number of years, finishing in 2014 and it now presents in excellent condition.
The Hotel comprises 3 bars, gaming room with 10 gaming machines, bistro and function room, beer garden, and additionally a 22 room Motel rated at 3.5 stars. There is also a fully equipped commercial kitchen and reception area.
The Tenant of the Hotel/Motel also has a large 3 bedroom manager’s residence.
The Hotel Tenant is very experienced and enjoys ownership of a very successful business.
It is important to note that the Landlord owns the gaming entitlements, currently valued at approximately $75,000 each.
The retail tenants are also long term and experienced.
They include a Hairdressing Salon, Menswear shop, and Ladies fashion boutique.
The Hotel is built on the site of the original Day Dawn Hotel which was made famous by Slim Dusty as the
“Pub with no Beer”
Hotel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -