This hotel has a current Lease in place until the 28th February 2038. The price includes the ownership of land, buildings and 7 poker machine entitlements.
The Lessee is paying an annual rent of $99,300 (plus GST) which is attached to CPI.
On the completion of this Lease, the occupying tenant can negotiate an extension of terms on the Lease for a premium payable to the Freehold owner.
These negotiations can take place at any time prior to the expiry of the current Lease.
With rent of $99,300 and the asking price of $1,095,000, the Freehold Investment is showing a return of 9.06%.
This hotel has a prominent highway location with great exposure.
For more information on this property or to arrange an inspection, please call us today on (02) 6369 1055.