RARELY OFFERED, HIGH CASH FLOW OPPORTUNITY TO PURCHASE AN ICONIC HOTEL IN THE GULF OF CARPENTARIA - 106HL

LEASEHOLD $1,600,000

2,000 m2

Well renowned Hotel offering a complete cross section of services:

  • Highly profitable Gaming venue showing in excess of $450K p.a net.
  • Annual T/O of $3.0m+ in F&B, Retail and Accommodation.
  • 14 modern gaming machines incorporated for use with the lease with an annual T/O of $16M+. The gaming room has recently been extended and games upgraded.
  • Excellent Liquor Barn Drive-thru - only one in town.
  • Good bar trade.
  • Lounge bar.
  • Bistro and beer garden.
  • Bars, full TAB facility and KENO.
  • 17 motels rooms and 11 staff rooms.
  • Two residences: one-bedroom and two-bedroom.
  • Strong trader, supported from domestic tourism, locals and corporate clients.
  • Secure lease in place.
  • Rarely an opportunity is available, currently run by good management under owners’ supervision.
  • Full Financials available to serious hotel buyers.

 

Net Profit: $451,619 for 2023/24 (as provided by vendor)

 

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

Property ID: 106HL (quote when enquiring)

Price LEASEHOLD $1,600,000
Location Normanton
Property ID 106HL
Category

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