Located in an economically strong Central West Regional City, this hotel is a fantastic business opportunity.
The hotel has been recently renovated and the décor is very appealing. There is not anything to be spent by the incoming tenant. All the work has been completed.
The Lease has an attractive rental structure. Currently trading six days a week.
The hotel has a 24 hour licence which is currently not utilised. There are still 23 years to run on the current lease so it is much like a Freehold.
There are two purchase options available to a prospective purchaser of this leasehold:
- One option is to purchase the Leasehold including the ownership of the three poker machine entitlements which are currently active for $549,000 plus stock.
- The other option is to purchase the Leasehold with the Freehold owners having ownership of the three poker machine entitlements. In the case of this option, weekly rent would increase as the lessee would retain profits made from the three active machines. This price is $249,000 plus stock.
INSPECTIONS ARE STRICTLY BY APPOINTMENT ONLY. MAKE AN OFFER TODAY ON EITHER OF THE OPTIONS!
For more information on this property or to arrange an inspection, please call us today on (02) 6369 1055.