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524 Smollett Street Albury NSW 2640

  • Hotel, Motel, Pub & Leisure
  • 930 m²
  • Expressions of Interest

Alburys newest hotel with secure income

  • Newest Hotel in Albury
  • Prime location in the heart of Albury’s
  • Strong Depreciation Benefits

Colliers International is pleased to present to market the recently completed Mantra Albury Hotel, located at 524 Smollett Street, Albury.

This 146 room property is unquestionably the best hotel in the region, with the added bonus of being operated by Accor, Australias largest hotel operator. The vendor is offering the property for sale with the benefit of a leaseback if required, providing certainty of income.

Located in the regional hub of Albury, the property is ideally located in the heart of the CBD.

Investment highlights of the hotel:
-Newest Hotel in Albury
-CBD location
-Strong Depreciation Benefits
-Leaseback providing medium term income certainty
-Management Agreement to Australia's largest accommodation provider
-Regional Tourism location expected to benefit from ongoing international border closures.

As a recently built property, significant depreciation allowances exist, that will further enhance the financial returns in the early trading years.

The Hotel is for sale via Expressions of Interest closing Wednesday 12th August at 3pm.

For further information please contact the exclusive selling agents.

EXPRESSION OF INTEREST

Closing date and time12/08/2020 15:00
Recipient nameAsk Agent
Delivery addressSydney

Property Highlights

Property ID2016355719
Floor AreaAsk Agent
Land Area930 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  7 Jul 2020
Map for 524 Smollett Street Albury NSW 2640
Map for 524 Smollett Street Albury NSW 2640524 Smollett Street Albury NSW 2640
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Valiant can help you find the best loan for your business. Request a call back to speak with one of their experts or compare available commercial loans.

Property Highlights

Property ID2016355719
Floor AreaAsk Agent
Land Area930 m²
ParkingOn site parking available
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  7 Jul 2020
Colliers International - Sydney
Level 30, Grosvenor Place 225 George Street Sydney NSW 2000

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