288-292 Main North Road Prospect SA 5082

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.