Former Licence Hotel Premises , 247-251 Gouger Street,
Adelaide, SA 5000
Hotel, Motel & Leisure • Shops & Retail
Price information
Leased
Contact Agent
Key property information
Floor area
Car spaces
Parking info
Property extent
Leased on
Map of Former Licence Hotel Premises , 247-251 Gouger Street
Rare opportunity for an intending owner operator or investor to purchase/operate a CBD building with 10 valuable on-site car parks Included.
PREMISES:
The building improvements (which form part of a Strata Titled complex), have an overall area of about 570 square metres - over 2 levels (+ cellar) with 10 onsite car parks included on a subsidiary to relevant unit.
According to the Council records the hotel premises are not a place of Local Heritage.
Contained within the Hotel premises are various built-in bars with associated benching/plumbing and a commercial kitchen which includes a walk-in prefabricated freezer and walk-in cool room with certain refrigeration plant contained within the Hotel. A security system is also in place. All the existing plant is the property of Landlord and may be available for use by incoming Tenant on terms to be agreed but no fitness of warranty shall be offered.
The premises are serviced by their own dedicated evaporative and reverse-cycle air conditioning and male/female amenities are situated at both levels. The hotel premises are now individually controlled and metered for light and power.
TERMS:
The premises are available for immediate letting and term of lease is negotiable with a long-term lease available.
Any lease will be structured on a Net Rental basis with yearly reviews by 4% and a market review at renewal.
The performance of the lease will need to be guaranteed by all Directors of Tenant entity (if that entity is a Company) and in addition, Landlord will expect a Bank Guarantee in its favour from Tenant’s Banker in the equivalent of four (4) calendar months’ GST inclusive commencing rental.
The rental required, if let ‘as a whole’ (inclusive of the 10 car parking bays) is only $99,500.00 PA + GST + outgoings and at that rental, the premises will be let on an ‘as is’ basis with any Tenant required modifications/ installations to be completed by that party and a reasonable fit-out period is available.
Alternatively, the freehold is available for purchase at a price of $2.1 Million, plus GST.
The building improvements (which form part of a Strata Titled complex), have an overall area of about 570 square metres - over 2 levels (+ cellar) with 10 onsite car parks included on a subsidiary to relevant unit.
According to the Council records the hotel premises are not a place of Local Heritage.
Contained within the Hotel premises are various built-in bars with associated benching/plumbing and a commercial kitchen which includes a walk-in prefabricated freezer and walk-in cool room with certain refrigeration plant contained within the Hotel. A security system is also in place. All the existing plant is the property of Landlord and may be available for use by incoming Tenant on terms to be agreed but no fitness of warranty shall be offered.
The premises are serviced by their own dedicated evaporative and reverse-cycle air conditioning and male/female amenities are situated at both levels. The hotel premises are now individually controlled and metered for light and power.
TERMS:
The premises are available for immediate letting and term of lease is negotiable with a long-term lease available.
Any lease will be structured on a Net Rental basis with yearly reviews by 4% and a market review at renewal.
The performance of the lease will need to be guaranteed by all Directors of Tenant entity (if that entity is a Company) and in addition, Landlord will expect a Bank Guarantee in its favour from Tenant’s Banker in the equivalent of four (4) calendar months’ GST inclusive commencing rental.
The rental required, if let ‘as a whole’ (inclusive of the 10 car parking bays) is only $99,500.00 PA + GST + outgoings and at that rental, the premises will be let on an ‘as is’ basis with any Tenant required modifications/ installations to be completed by that party and a reasonable fit-out period is available.
Alternatively, the freehold is available for purchase at a price of $2.1 Million, plus GST.
Property ID: 502381242Last Updated: 10 Jul 2017
08 8410 644...
Former Licence Hotel Premises , 247-251 Gouger Street
Adelaide, SA 5000
Negotiators Real Estate - AdelaideLevel 2, 195 Victoria Square
ADELAIDE, SA 5000
ADELAIDE, SA 5000
Similar properties
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
The Chancellor on Currie, 12-18 Currie Street,Adelaide, SA 5000 280 m²Hotel, Motel & Leisure • Shops & Retail • Other
