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Address available on request Ivanhoe, NSW 2878

Address available on request,
Ivanhoe, NSW 2878

Hotel, Motel & Leisure
Added 5 days ago

Price information

Sale

LEASEHOLD $90,000

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MODERN BUILDING WITH LONG TERM LEASE MOTEL/HOTEL – 70HL

- 10 years commenced August 5th, 2020 with 3 x 10 years options.

- 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..

- 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. From October 2024 there are 8 lettable rooms which will increase the bottom line.

- 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.

Net Profit: $91,350 for 2022/23 (as provided by vendor)

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

Property ID: 70HL (quote when enquiring)

Property Code: 4973

Additional information

Property ID: 504747636Last Updated: 29 Nov 2024

04331379...
realcommercial.com.au logo
Address available on request
Ivanhoe, NSW 2878
Tourism Brokers - NSW, QLD, VIC & TAS
Centralised Administration: 32 Lamorna Ave
BEECROFT, NSW 2119

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