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Well-Established Pub/Bistro/Motel In Lockhart For Sale

Lockhart, New South Wales, Australia
Freehold Price:
$620,000 (AUD) Furniture / Fixtures included
Lease Asking Price:
$50,000 (AUD) Furniture / Fixtures included
Sales Revenue:
$100K - $250K (AUD)
Cash Flow:
$50K - $100K (AUD)

Established by the Railways in 1907, it is a small county pub loved by the locals.
It has been operating since its inception and has a group of regular, loyal customers.
It is also supported by the seasonal Shearers, Travellers and harvest workers.
Being midway between Sydney/Canberra and Melbourne makes it a convenient stop.
Currently very popular for our food.
It has 5 motel rooms and a 4 bedroom residence which can be included in the motel.
There is a 1000m vacant block currently used for parking but can be utilised to build more accommodation.

Property Information

Real Estate:

Available as lease or with real property included

Leasehold Rent:

$52,000 (AUD) per annum

Living Accommodation:

4 bedrooms with a toilet

Location:

adjacent to the footy ground

Premises Details:

Over a 2000-meter block. Nearly 1000 m2 are vacant and can be used for further development.

Size in square feet:
over 2000m

Business Operation

Expansion Potential:

major potential to build more rooms—big demand for long-term rentals.

Competition / Market:

a pub and an ex-servicemen's Club in the main street, 1 km away.
Also a bowling club operating 2 days a week

Reasons for selling:

Health concerns

Trading hours:

Midday to 10pm

Employees:
1
Years established:
117

Other Information

Support & training:

yes

Furniture / Fixtures value:
$50,000 (AUD) - included in the asking price
Lease asking price:
$50,000 (AUD) - Furniture / Fixtures included