MODERN BUILDING WITH LONG TERM LEASE MOTEL HOTEL - 70HI

INVESTMENT $1,200,000

Long-term investment opportunity with a strong lease.
Outgoings are paid by the tenant.
10 years commenced August 5th, 2020 with 3 x 10 years options.
$90,456 (plus GST) annual CPI increases.
Substantial depreciation .
A local landmark for the area.
The old hotel burnt down in late 1995 and this one was built in 1996.
Service centre for the area and has a constant reliable gathering of locals and tourists alike..
4,812 sqm.
7 newly refurbished motel rooms. They feature brand new queen beds fitted out with fresh linen, air-conditioning, side tables, lounge and ensuite to make the stay a bit more like home.
Large country style public bar with long timber counter with stools plus other assorted tables and chairs.
30 seat restaurant serving modern Australian cuisine.
Large landscaped outdoor area with covered areas and bench seating.
The Hotel kitchen is suitably equipped to cater to the hotel clientele with commercial appliances, gas facilities, ample bench space and a walk-in cool room.
One bedroom residence onsite with ensuite and air conditioning.
Guests don’t have to go anywhere else to feel right at home.

Annual Rent: $90,456 plus GST

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

Property ID: 70HI (quote when enquiring)

Price	INVESTMENT $1,200,000
Location	Ivanhoe
Property ID	70HI
Category	Hotel

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