Freehold $650,000

52HF - Better Than a Lease with a Huge 30%+ Net return

  • Better than $4,000 Net per week.
  • Owner has made his money and wants the property sold.
  • Exceptionally solid business, continual cashflow with huge upside.
  • Huge three bedroom spacious residence.
  • 3 gaming machines: 2 Players Choice and 1 King of the Nile.
  • TAB facilities and is equipped with a pool table, dart board and music vending machine. It has monitors for viewing on Fox and Sky channels.
  • Dining room provides seating for 30+ people inside and a further 60 outside.
  • Straight-forward operation, easily managed or a great starter.
  • Well-located on established tourist route.
  • Long term owner retiring. The current owner has operated the business for the past 30 years.
  • Plenty of potential to introduce fresh ideas.
  • 13 rooms with a sleeping capacity of 30.
  • On about 7,474 m2 of land.
  • Local school well established and a true part of the community.

Recent improvements include:
  • Low energy heaters in all rooms.
  • Low energy lead lights throughout hotel.
  • Exterior repainted; roof in progress.
  • Hot water is supplied from roof-mounted solar panels.

Detailed property report available with financials and supporting documentation.

Located in a picturesque country town between the Snowies and the Sapphire Coast, the Delegate Hotel is what locals and travellers alike recognise as a real country pub. The hotel operates a simple single bar, food is available at the counter or in a good-sized dining room, the 3 poker machines and the pool table offer entertainment and the weary can rest up in one of the 13 rooms.

Turnover approximately $17,000 per week.

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

Property ID: 52HF (quote when enquiring)
Property Type Business

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Michael Herringe

0419 631 600
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