ICONIC CBD HOTEL - STABLE LONG TERM FREEHOLD INVESTMENT
- Up to 30 year lease term - 5 year lease with 5 5 5 5 5 year options - Prominent CBD retail corner site of 1,232m2 approx - Long established and successful Hunter Valley hotel since 1851 - $2.5m renovation completed 2007 - 3 bars, restaurant and function room - 15 poker machine entitlements (S.I.A 25 approved), outdoor beer garden, TAB area, 18 guest rooms, amenities and meeting room - Net Income: $625,000 GST