Ivanhoe

Investment $770,000

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 Type business

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Michael Philpott

0433 137 927
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