Property Description

75HL - A SERIOUSLY PROFITABLE BUSINESS FOR THE PRICE, WONT’ LAST LONG!

- 49 % net return!

- This hotel is an iconic and very successful north QLD pub.

- 8 pokie machines

- Recently installed Solar System

- Super-sized drive through bottle shop

The Far North Queensland Hotel is very well supported by the locals, tourists and visitors over many years of trading and now is for Leasehold Sale. The Hotel has a long pedigree of providing excellent service.

The owners now wish to retire after 15 years of successful operation. This is a one-off opportunity for the astute buyer, to buy a brand new 30 year Leasehold with an annual rental of $225,000 plus GST and Outgoings.

The town has a long standing agriculturally rich history.

The Hotel has the following engaging features making this a successful business:

- Large friendly public bar area, internal and external

- 12 Hotel rooms with shared bathrooms

- 2 fully renovated apartments one for the Owner and one for Air BnB

- 8 Pokie machines to be assigned over for use

- Keno and TAB available plus Gaming Room

- Licensed outdoor dining area for 60 people and Outdoor grass beer garden very popular

- Easy accessible drive through bottle shop well stocked

- Commercial grade kitchen-excellent reviews

- Dining room with 2,100 meals a week are served

- Various Cold Rooms and Storage areas

- Recently installed Solar System included in sale

- The Hotel has been recently painted and building maintenance is of a high standard.

- Financial figures are available to genuine buyers - 49% NET RETURN!

- A Brand-New Lease of 30 years will be offered to qualified buyers, 6 x 5 years.

- Vendor Finance for a proportion of the price is available to approved purchasers.

The new owners have an attractive financial opportunity to purchase this hotel business and settle in before taking advantage of the increased tourist and visitor numbers, coming to the area in 2021.

Net Profit: $293,867 Average over last 2 Years

Contact Antonio Curulli from Tourism Brokers for further information or to arrange an inspection.

Property ID: 75HL (quote when enquiring)

Property Code: 3717