70HI - 10% Return with Long Lease and Stable Tenant
- Secure a long-term investment opportunity with a strong lease.
- A local landmark for the area.
- Business established for approximately 50 years.
- The old premises burnt down in late 1995 and the current one was built in 1996.
- The current operators have a strong network of businesses and are keen to have the capital in business rather than the real estate and are offering a strong lease for investors.
- Provides comfortable pub-style accommodation with welcoming bar areas for patrons, undercover outdoor area and a strong restaurant.
- Service centre for the area and has a constant reliable gathering of locals and tourists alike.
- 7 newly refurbished motel rooms with ensuite. Brand new queen beds all fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make that stay a bit more like home.
- Guests have access to great food and drinks within the property, so they don’t have to go anywhere else to feel right at home.
- 4,812 m2
- 10 years from settlement with 3 x 10 year options (40 year lease in total from settlement).
Annual Rent: $77,175 plus GST
Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.
Property ID: 70HI (quote when enquiring)
Property Code: 3434
Hotel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -