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492 Payneham Road Glynde SA 5070

  • Development / Land
  • Land Size4,881 m²
  • PriceFor Sale, Contact Agent (under offer)

An iconic eastern suburbs Hotel

  • Iconic eastern suburban freehold hotel
  • Long term lease at $515,000 pa net + GST
  • Multiple value-add opportunities

Expansive site of some 4,881 sqm* with three street frontages.

Five separate Torrens titles

Comprised of bistro/dining, front/sports bar with Lotteries and TAB, and extensive gaming facilities with 33 licensed machines

Sipn Save drive-through bottle shop and browsing area.

Long term lease until 2046 including renewals.

Current rental $515,000 net excluding GST*

Excellent location with strong local patronage.

A multi-faceted opportunity to secure long term cash flow, refurbish and reactivate the first floor into commercial/accommodation, redesign, expand, upgrade and improve the hotel offering, or redevelop the large site (subject to the necessary consents)

*Approx

Property Highlights

Property ID2014938723
Floor Area1,200 m²
Land Area4,881 m²
ParkingAsk Agent
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  2 May 2019
Map for 492 Payneham Road Glynde SA 5070
Knight Frank Adelaide
Level 25 91 King William Street Adelaide SA 5000

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