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288-292 Main North Road
Prospect SA 5082
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Sold on 13 Dec 2022

288-292 Main North Road Prospect SA 5082

  • Hotel, Motel, Pub & Leisure
  • 4,000 m²
  • Sold

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 $321,300 pa plus GST and outgoings
5 year lease renewal from 2022 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.

Property Highlights

Date Sold13 Dec 2022
Floor Area4,000 m²
Land Area6,137 m²
ParkingOn site parking available
Property ID2017117692
Category
Last updated  16 Jan 2023
Map for 288-292 Main North Road Prospect SA 5082

Property Highlights

Date Sold13 Dec 2022
Floor Area4,000 m²
Land Area6,137 m²
ParkingOn site parking available
Property ID2017117692
Category
Last updated  16 Jan 2023
Level 2/50 Hindmarsh Square Adelaide SA 5000

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