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10 Gowrie Avenue
Whyalla SA 5600
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Sold on 14 Sep 2022

10 Gowrie Avenue Whyalla SA 5600

  • Hotel, Motel, Pub & Leisure
  • 2,930 m²
  • Sold

7.5% Net Yield Anticipated | Long WALE Gaming and Hospitality Investment

    + Brand new 10 year lease to New Whyalla Hotel to 2032 plus options to 2072
    + 32 on-site licensed gaming machines and 14 hotel suites
    + Expansive 4,599sqm* corner site in the heart of Whyalla
    + Net lease - tenant pays all usual outgoings
    + Fixed 3% annual rent increases, ensuring rental growth
    + Experienced operator onsite for over 15 years with multiple hotels throughout Australia
    + Whyalla: South Australia's fourth most populous city with a population over 21,260*
    + Net Income: $420,000 pa* + GST

    For Sale via Expressions of Interest closing EOI Closing Thursday 7 July if not sold prior.

    *Approx.
    RLA 312687

    Property Highlights

    Date Sold14 Sep 2022
    Floor Area2,930 m²
    Land Area4,599 m²
    ParkingAsk Agent
    Property ID2017828392
    Category
    Last updated  14 Sep 2022
    Map for 10 Gowrie Avenue Whyalla SA 5600

    Property Highlights

    Date Sold14 Sep 2022
    Floor Area2,930 m²
    Land Area4,599 m²
    ParkingAsk Agent
    Property ID2017828392
    Category
    Last updated  14 Sep 2022

    Listed by

    Adam Thomas
    Burgess Rawson Queensland
    Call
    0418 998 971

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