177 River Street,
Ballina, NSW 2478

Hotel, Motel & Leisure • Shops & Retail

Price information

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Contact Agent

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 177 River Street

Directions

25 Year Lease Expiring 2036 Circa 9.5% Yield

Securely leased freehold hotel investment sale.
As new tilt up panel construction built in 2009.
Central corner location in heart of CBD retail precinct.
Sale incl. Hoteliers Licence and 15 poker machine entitlements.
Hotel areas comprise central bar area, bistro, outdoor dining, verandah seating, conference/meeting areas, split gaming room and smoking area.
On site parking for 9 vehicles.
Net lease, tenant pays all outgoings as per lease.
Annual rent increases to greater of 3% or CPI (& market 5 yearly).
Net Income: $348,140 pa + GST.
Offers over $3,550,000 are invited (circa 9.5% net yield).

Deadline for Offers 3pm Thurs 3 April

Dean Venturato 0412 840 2...
dventurato@burgessrawson.com.au

CO AGENT
John Parsons Hotels
Greg Haines 0407 623 199
greg@jphotels.com.au

Property ID: 501058275Last Updated: 2 Jun 2014

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