5 Butler, TULLY QLD 4854
$4,250,000 (GST na)
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- BUILDING DETAILS
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- Hotel / Leisure
- Floor area:
- 8 x Onsite parking
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- 2.5 NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 20 Sep 2016
Hotel Tully is located on the main street of Tully and the block extends through to Morris Street in the rear:
The hotel has been extensively refurbished ( over $4mill ) in recent years and consists of:
: Sports Bar
: Dedicated Gaming Room ( incl own bar ) with 20 Gaming Machines.
: Undercover Beer Garden ( with DOSA )
: Bistro & Commercial Kitchen.
: Large Drive-Thru Bottle Shop.
: Function Room with own bar.
: Full TAB & Keno facilities.
: Backpacker Accommodation for 80.
This is a freehold going concern at $4,250,000 with stock at valuation ( approx. ) $150,000
The Hotel/Backpacker is very well established and has been operated by the same family for the past 10 years. It has produced an operating profit ( after management ) of over $675,000 in the 2015/2016 fiscal year.
This hotel represents excellent value at $4,250,000
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
5 Butler TULLY