173 Adelaide Street Maryborough QLD 4650
- Hotel, Motel, Pub & Leisure
- For Sale, 7 per cent Net passive return, $100,000pa, strong tenant
HOTEL CENTRAL MARYBOROUGH QLD VENDOR FINANCE AVAILABLE
The Central Hotel is situated in the CBD of Maryborough Qld.
tap* means To Approved Persons
Full Price $1,400,000. Vendor Finance for the Freehold is available "To Approved Persons" from 20% deposit and from 7% pa.
1. Alternatively one can take a 5 x 5 x5 x5 x5 x5 lease on the property at a starting rent of $100,000 plus outgoings plus CPI increases yearly, with the goodwill of only $300,000. There is a potential for the right operator to earn in excess of $400,000 per annum
2. Alternatively, the seller will enter into a new 30-year lease straight for $100,000 pa plus outgoings from the new buyer allowing for in excess of a 7% net per annum passive return. In addition to paying all outgoings, the tenant pays for all refurbishment and repairs to the building not including structural repairs. Yearly CPI increases.
Will look at trading Real Estate, house, unit, townhouse, land or car, boat.
It has a Commercial Hotel Licence and consists of a Bar, Beer Garden, Commercial Kitchen, 22 Pub Rooms, and a Manager's unit. The rooms should rent for a minimum of $180 per week each. There is a shortage of budget accommodation in Maryborough. There is potential for the rooms alone to achieve an income of over $200,000 p.a.
Under the Licence, you can have 3 detached takeaway bottle shops and also an in-house bottle shop.
The hotel is best run by a partnership of 2 people and only getting in staff during busy times such as when you have bands playing.
The best times to open the Hotel are Monday to Saturday and closing on Sunday.
In the past, we have had huge success with Karaoke, Raffles, Pool competitions, jag the joker, and Band nights.
There is a potential for the right operator to earn in excess of $400,000 per annum. Call the owner on 0439779981 to discuss the possibility of owning this iconic Commercial Hotel.
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