53-63 Nicholson Street Orbost VIC 3888

NEWLY NEGOTIATED 20 YEAR LEASE MAKES THIS A SET AND FORGET INVESTMENT OPPORTUNITY.

Currently operated by a fantastic tenant on a new 20-year lease, this hotel freehold represents a sound long-term option as a passive set and forget investment for any investor seeking stability. This large hotel is set on approximately 2,845 square metre corner allotment with a huge street presence along Nicholson Street and plenty of room in the rear yard for future development (STCA). The current building includes a 2-storey building with the ground floor housing the main bar, bistro, pool room and outdoor areas, while the 1st floor has accommodation rooms. There's also an old drive through bottle shop detached from the main hotel building which is currently used for functions.

• Commercial 1 Zoned Property
• Corner Allotment of Approximately 2,845 Square Metres
• Large Brick Building with Metal Roof
• Long Term Tenant in place
• Lease Commenced 24/06/2023 runs to 24/06/2043
• Tenant Pays Outgoings including Shire Rates
• Gross ROI from 6.1% Plus Annual CPI Increases

INSPECTIONS TIMES: The pub is open daily however if you wish to tour the property in detail please contact us for available dates.

CONTRACT of SALE: Please contact our office to request a copy of the contract and S32.

LINK TO CONSUMER AFFAIRS WEBSITE: https://www.consumer.vic.gov.au/housing/buying-and-selling-property/checklists

Legal Disclaimer:
The information contained in this advertisement has been provided to Orbost Real Estate and its agents by third parties, including the vendor. While Orbost Real Estate and its agents have taken all reasonable care in the preparation and presentation of this material, no warranty is given as to its accuracy, completeness, or reliability. Orbost Real Estate and its agents expressly disclaim all liability for any errors, omissions, misstatements, or misrepresentations (whether by negligence or otherwise). Prospective purchasers are advised to conduct their own investigations and due diligence concerning all aspects of the property, including but not limited to its features, condition, legal status, and any other matter that may be material to their decision to purchase. This includes both advertised and non-advertised elements of the property. By relying on this information, the purchaser acknowledges that they do so at their own risk.