Ivanhoe, New South Wales

Investment $770,000

Property Description

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

Property Summary

Hotel Information

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

Marketing Agent

Michael Philpott

Marketing Agency

Tourism Brokers

Michael Philpott
Tourism Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Ivanhoe, New South Wales 2878 Exact map location not provided

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