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288-292 Main North Road Prospect SA 5082

  • Hotel, Motel, Pub & Leisure
  • 4,000 m²
  • Expressions of Interest

Urban Development Opportunity

  • Located approx 6.5km North of CBD
  • Substantial Land Holding
  • 42 Key Accommodation Venue

Key Highlights
Located approximately 6.5km north of the Adelaide CBD
Currently successfully operating 42 key accommodation venue with full facilities including restaurant bar function room and swimming pool.
Located on a high profile and central corner with street frontages within close proximity to major supermarkets eateries and fast food outlets
Opportunity concept plans available to develop 100 room branded urban hotel (STCC)
Significant branded operator interest
Substantial land holding on approximately 4,345 plus additional land of 1,792sq m being total land holding of 6,137sq m on 7 titles
Valuable holding income of $315,000pa plus GST and outgoings
5 year initial term from 2017 with 5 x 5 year rights of renewal

To invest in an existing accommodation facility in addition to proposed development plans and costings on the site currently known as the Sombrero Motel Prospect.

Interested parties are invited to contact the exclusive agent for more information on this exceptional opportunity being offered for sale by way of Expression of Interest.

First tenders close: Thursday 12th August 2021 4pm

For further details please contact exclusive sales agents,

EXPRESSION OF INTEREST

Closing date and time12/08/2021 16:00
Recipient nameAsk Agent
Delivery addressLevel 2 50 Hindmarsh Square, Adelaide
Chet Al
Savills Adelaide
Chet Al
Savills Adelaide
Steve Bobridge
Savills Adelaide
Steve Bobridge
Savills Adelaide
Rob Williamson
Savills Adelaide
Rob Williamson
Savills Adelaide

Property Highlights

Property ID2017117692
Floor Area4,000 m²
Land Area6,137 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  8 Jul 2021
Map for 288-292 Main North Road Prospect SA 5082
Map for 288-292 Main North Road Prospect SA 5082288-292 Main North Road Prospect SA 5082
Chet Al
Savills Adelaide
Chet Al
Savills Adelaide
Steve Bobridge
Savills Adelaide
Steve Bobridge
Savills Adelaide
Rob Williamson
Savills Adelaide
Rob Williamson
Savills Adelaide

Property Highlights

Property ID2017117692
Floor Area4,000 m²
Land Area6,137 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  8 Jul 2021
Savills Adelaide
Level 2, 50 Hindmarsh Square Adelaide SA 5000
Chet Al
Savills Adelaide
Chet Al
Savills Adelaide
Steve Bobridge
Savills Adelaide
Steve Bobridge
Savills Adelaide
Rob Williamson
Savills Adelaide
Rob Williamson
Savills Adelaide
Chet Al

Chet Al

Savills Adelaide

Steve Bobridge

Steve Bobridge

Savills Adelaide

Rob Williamson

Rob Williamson

Savills Adelaide

+61 *** ***
+61 413 104 002

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