Investment Hotel Motel 9% ROI in a Solid Town only 3 hours from Bendigo.
Don't miss this opportunity !
Well supported as it is the only Hotel in town, with a new 15 to 20 year Mining Venture kicking off in the new year, bringing 700 extra workers into town.
Bar, Bistro with two separate areas , D/in Bottle Shop, TAB and 21 Motel Units recently put into the Budget Chain which has seen a rapid rise in Turnover, provides a steady profitable income stream for the Lessee, thereby making this an attractive proposition for an investor.
Separate large double storey B/V Residence plus office for the Lessees, tops off the package.
Annual cpi rises on the commencing rental of $104k plus gst and 5 yearly rent reviews , will keep this Investment performing .
Vendor is retiring so has advised, present all offers as he does want it sold.
Also available as a freehold going concern for those wishing to operate it themselves .
Phone or email the Agent for full details.