Substantial and Long Established Hotel and Motel with development potential - Long 5 5 5 3 year lease
- Includes TAB and Drive-Thru facility
- Premium retail Business 1 Zoning
- Kitchen undergoing substantial refurbishment
- Superb main road location in town centre redevelopment precinct
- Prime corner site of 2,678 sqm approx
- Securely leased Hotel and Motel
- Rent $84,000 net pa GST
ICONIC FREE-STANDING FREEHOLD HOTEL - Prominent 7,081m²* parcel of land in prime corner location
- High quality tenant with broad experience through the
operation of various other successful hotels
- Multiple high turnover profit centres which underpin the
- Attractive Net Income of $847,000 pa*
- 40 Gaming Machine Entitlements
- Shepparton's leading gaming venue achieving in excess of
$400 Net Machine Revenue per machine per day
- Extensively renovated & refurbished in 2007 to present as a
modern entertainment complex
- Long 33 year lease including all options
Receivers Auction: Top Level Gaming Venue Freehold Secure, long term Lease with options, expiring 2035.
Proven, multi-venue tenant.
Strategic and central location, just 300m* to Coles and 400m* to Woolworths.
Significant 7,083m2* site zoned Business 1, with 3 street frontages.
Leading gaming venue in region with 40 gaming machines and license for 2,032 patrons.
Major, award winning renovation by the tenant.
Under instructions of H. MacKinnon and K. Sutherland of Bent & Cougle Pty Ltd as Court Appointed Joint and Several Receivers and Managers of Zurcus Hotel-Motel Pty Ltd (Receivers and Managers Appointe...