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Sold on 4 May 2016

1143-1153 Raglan Parade Warrnambool VIC 3280

  • Hotel / Leisure
  • 1,524 m²
  • Sold

Freehold Hospitality & Gaming Investment

New secure 10 year lease plus options to 2056 with 6 month security deposit.
Annual 3% rent increases â?? Market review at options.
Cook Beaumont Partners: Established & experienced operators with 25 venues across the eastern seaboard under management.
Strategic corner site on the Princes Highway of 5,660 sqm with triple frontage totaling over 220 metres.
Hugely popular family friendly hotel comprising public bar, 250 seat bistro, gaming room, commercial kitchen, bottleshop & brand new boutique bar â?? Total building area: 1,524 sqm.
Extensively refurbished in 2013 & extended in March 2016.
Tenant pays usual outgoings.
Gaming room includes 19 electronic gaming machines.
Warrnambool: Premier south west coastal city with growing resident population circa 35,000.
Rent: $418,473 pa.

Auction 11am Wednesday 18 May
River Room, Crown Casino, Melbourne

Property Highlights

Property ID2012739383
Date Sold4 May 2016
Floor Area1,524 m²
Land Area5,660 m²
ParkingAsk Agent
Category
Last updated  15 Aug 2016
Map for 1143-1153 Raglan Parade Warrnambool VIC 3280
Burgess Rawson & Associates
Level 7, 140 Bourke Street Melbourne VIC 3000

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