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Ivanhoe

PASSIVE INVESTMENT $950,000

70HI - MODERN BUILDING WITH LONG TERM LEASE

  • 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 Type Business

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Michael Philpott

0433 137 927
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