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Meningie Hotel On Lake Albert Lease Or Freehold/business For Sale

Meningie, South Australia, Australia
Freehold Price:
$1,550,000 (AUD) Furniture / Fixtures included
Lease Asking Price:
$220,000 (AUD) Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

This is an excellent hotel being a well priced lease or a freehold property that you would be proud to have in your portfolio.

The Meningie Hotel is is a well rounded business with a good sized front bar that the locals love including a TAB/Keno agency, a licenced veranda where you can enjoy a pint and a meal overlooking the lake, drive thru bottleshop, 12 machine gaming room, bistro eating, large restaurant/dining room with own bar and feature large glass windows giving a great view of the lake, 8 rooms for public accommodation, managers flat,  commercial kitchen, plenty of shedding and storage, all on over 3,780 sq meters of land.

Meningie is a good country town only 110km from Adelaide and nestled on the beautiful Lake Albert. The town supports the local and surrounding population as well as the many travelers and visitors holidaying on Lake Albert and visiting the nearby Coorong National Park. Being on the Princess Highway (National Highway 1) this town caters well to the traveler with a beautiful adventure playground and BBQ area overlooking the lake, and other attractions. Meningie contains all the services required for the local community to make it the central business area including R – 12 area school, hospital, supermarket, service stations, hardware, bakery and cafes, caravan park and motel.

This is an excellent turnover business that would respond well to new management.

Property Information

Real Estate:

Available as lease or with real property included

Location:

62 Princess Highway, Meningie, SA, 5264

Other Information

Inventory / Stock value:
$125,000 (AUD)
Lease asking price:
$220,000 (AUD) - Furniture / Fixtures included