AVAILABLE FOR PURCHASE- Is possibly the best leasehold interest hotel in country NSW!
There is no better leasehold interest hotel on offer in country NSW!
The average weekly income for the six months from 1 July to 31 December 2020 was $47,195. The diversity encompasses many high profit income streams including Bar, Gaming, Motel Accommodation, TAB/KENO, Food and Functions. The present weekly rental is $2,242 representing only 4.75% of turnover.
Facilities include a single storey building in excellent condition and with modern design that features Main Bar with TAB, Walk In Bottle Shop, large Lounge/Saloon Bar, Gaming Room including Tito hardware with 9 current Gaming Machines, Beer Garden, functional Kitchen adjoining a separate Function/Breakfast Room. With plenty of off-street parking, by design, a very convenient hotel to operate with all Lessees equipment owned.
There is a comfortable 2BR, ensuite residence that is presently rented to guests for $150 per night due to the unprecedented demand. The current lessees have purchased a House in Coleambally and would be prepared to rent/sell this as a housing option for a new operator should they wish to continue this lucrative arrangement.
Adjoining the hotel are 13 well presented Motel Units, 6 of which were recently built and operational from September 2020 with one accessibility room and all enjoying excellent occupancy rates.
A hotel Courtesy Bus services the village and surrounds of Coleambally which is a wealthy town originally created by the establishment of the Coleambally Irrigation Area and less than an hour from the vibrant town of Griffith and 2 hours from Wagga City facilities.
Coleambally is a proud, one pub town with a very strong sense of community that presents as a very pleasant place to live enjoying a great environment for family living.
A 30 year lease is offered. Financials are available to qualified purchasers upon inspection.
POA + SAV
