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70hi - Modern Building With Long Term Lease For Sale

Ivanhoe, New South Wales, Australia
Asking Price:
PASSIVE INVESTMENT $950,000 (AUD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

- Long-term investment opportunity with a strong lease.

- Outgoings are paid by the tenant.

- 10 years commenced August 5th, 2020 with 3 x 10 years options.

- $80,155.19 (plus GST) annual CPI increases.

- Substantial depreciation .

- A local landmark for the area.

- The old hotel burnt down in late 1995 and this one was built in 1996.

- Service centre for the area and has a constant reliable gathering of locals and tourists alike..

- 4,812 sqm.

- 7 newly refurbished motel rooms. They feature brand new queen beds fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make the stay a bit more like home.

- Large country style public bar with long timber counter with stools plus other assorted tables and chairs.

- 30 seat restaurant serving modern Australian cuisine.

- Large landscaped outdoor area with covered areas and bench seating.

- The Hotel kitchen is suitably equipped to cater to the hotel clientele with commercial appliances, gas facilities, ample bench space and a walk-in cool room.

- One bedroom residence onsite with ensuite and air conditioning.

- Guests don’t have to go anywhere else to feel right at home.

Annual Rent: $80,155.19 plus GST

Contact Michael Philpott from Tourism Brokers for further information or to arrange an inspection.

Property ID: 70HI (quote when enquiring)

Property Code: 4067

Contact Tourism Brokers

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