325-329 Main Road, CARDIFF NSW 2285
Sold on 06/12/2016
- PROPERTY DETAILS
- Hotel / Leisure, Retail
- Floor area:
- Return (PA):
- Land area:
- Energy Efficiency Rating:
- NABERS energy rating
- Property ID:
- Virtual Tour:
- View Tour
- 7 Dec 2016
Lease to ALH Group till 2032 Plus Options till 2062. 75% Owned by Woolworths.
Long-term year lease to ALH Group until 2032 + options extending until 2062.
ALH Group with 320+ venues (75% owned by Woolworths).
A local landmark the Iron Horse is a successful and longstanding hotel with drive-thru BWS liquor outlet.
Prominent 1,861 sqm corner site with quality two storey freehold hotel recently upgraded by ALH Group.
19 gaming machine entitlements and liquor licence included.
Prime CBD location in close proximity to banks, strip retail, Woolworths anchored shopping centre and Aldi supermarket.
Tenant pays usual outgoings, as per lease.
Regular upwards only market reviews.
Attractive 3.5% annual rent increases (min. net income in 2031: $1,581,169).
Easily managed, single tenanted investment.
Net Income: $906,181 pa + GST.
325-329 Main Road CARDIFF