325-329 Main Road,
Cardiff, NSW 2285
Hotel, Motel & Leisure • Shops & Retail
Price information
Sold
$14,800,010
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 325-329 Main Road
Lease to ALH Group till 2032 Plus Options till 2062. 75% Owned by Woolworths.
Long-term year lease to ALH Group until 2032 + options extending until 2062.
ALH Group with 320+ venues (75% owned by Woolworths).
A local landmark the Iron Horse is a successful and longstanding hotel with drive-thru BWS liquor outlet.
Prominent 1,861 sqm corner site with quality two storey freehold hotel recently upgraded by ALH Group.
19 gaming machine entitlements and liquor licence included.
Prime CBD location in close proximity to banks, strip retail, Woolworths anchored shopping centre and Aldi supermarket.
Tenant pays usual outgoings, as per lease.
Regular upwards only market reviews.
Attractive 3.5% annual rent increases (min. net income in 2031: $1,581,169).
Easily managed, single tenanted investment.
Net Income: $906,181 pa + GST.
ALH Group with 320+ venues (75% owned by Woolworths).
A local landmark the Iron Horse is a successful and longstanding hotel with drive-thru BWS liquor outlet.
Prominent 1,861 sqm corner site with quality two storey freehold hotel recently upgraded by ALH Group.
19 gaming machine entitlements and liquor licence included.
Prime CBD location in close proximity to banks, strip retail, Woolworths anchored shopping centre and Aldi supermarket.
Tenant pays usual outgoings, as per lease.
Regular upwards only market reviews.
Attractive 3.5% annual rent increases (min. net income in 2031: $1,581,169).
Easily managed, single tenanted investment.
Net Income: $906,181 pa + GST.
Property ID: 502174094Last Updated: 6 Feb 2017
04174180...
325-329 Main Road
Cardiff, NSW 2285
Burgess Rawson - SydneyLevel 11.02, 9 Castlereagh Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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