Freehold - Hotel - Investment - Queensland Central Coast
\nFreehold - Hotel - Investment - Queensland Central Coast - Agent SBX Code Number: TQR1077
Freehold country hotel with 12 room accommodation. - Under leasehold. - Serving a lunch and dinner menu. - 4 poker machines (vendor is licensee) - A very welcoming hotel with single public bar and lounge dining area that flows through to a large covered and concreted outdoor entertainment area out the back. - Recent maintenance done. - Nett return 10.85%
Could take advantage of mining influx and put more accommodation on the vacant land. Could improve land facilities for more campers/ travellers.
Well established. Cash flow positive. Great returns. Excellent sound investment. Very reasonable price. No competition. Established long term lessee in place.
Older style single storey timber building in good condition with a classic red awning at front on 3.5 acres.
Small country town approx. 1 km. off main highway in central coast of Queensland.
(Lessee operating 7 days)
4 x 5 year options from 2006. - C.P.I. yearly increases - Rent review each 5 years next being 2016 - Lessee pays insurance, rates and all outgoings.
Lessee is husband and wife team.
New nickel and jade mine to be opened approx. 25 kms away. - Town has primary school, general store, post office, ambulance with helipad. -Bank guarantee matched to C.P.I. - Next C.P.I. review is 2016. - Plans drawn for approx. 6 more motel rooms - Only long drive stop for truckies. .
Weekly Sales $0
Rent (ex GST) $1655
Agent SBX Code Number: TQR1077 - SBX Business Brokers
- Last Updated May 2016
- Business Category Food/Hospitality
- Business Sub Category Takeaway Food
- Business Selling Price $789000
- Trading Hours (Lessee operating 7 days)
Suite 1, Level 2, 2 - 4 Pacific Highway,
St Leonards, NSW 2065