70 Waymouth Street Adelaide SA 5000

This iconic CBD hotel, the tenanted investment of the Union Hotel, 70 Waymouth Street, Adelaide, is being offered for sale by Private Treaty.

Probably the best presented hotel in the Adelaide CBD, the Union Hotel has an outstanding reputation for quality food, gaming and beverage offerings.

Major features include:
- 30 year lease in place (10+5+5+5+5) commenced 7 February 2022
- Modern upgraded refurbishment throughout
- 15 Gaming entitlements
- Site area of 476 sqm*
- Commencing rental $225,000 p.a. plus GST and outgoings (except Land Tax)
- Zoned Capital City
- Tightly held Waymouth Street precinct

For sale with an asking price of $4,550,000.

Rarely do hotel investments of this quality come to the market. We highly recommend this outstanding investment.

For further details regarding the tenanted investment of the Union Hotel, 70 Waymouth Street, Adelaide, contact Grant Clarke of McGees Property (RLA 1722).

(* approx)