Moree Real Estate has been instructed to sell this property on behalf of the Mortgagees. Priced To Sell!
Established in 1929, The Imperial Hotel is arguably the most recognisable building in Moree, presenting old world charm at every turn. Located on the main intersection of Moree, with double frontage to Balo and Heber St.
Multiple opportunities to investors with three distinct sections: a 16-room hotel accommodation, a commercial shop with street frontage, and a vacant pub.
Accommodation:
1. 16 rooms (double/single bed, wardrobe, vanity, air-con) with balcony access
2. Shared kitchen, laundry & bathroom
3. 483mò total plus lobby
4. Renting $210/week per room
5. Potential Income: - $174,720 p.a. at full occupancy
Commercial Shop:
1. 120mò street-front shop on Heber St
2. Potential to expand into adjoining vacant pub
3. Previously leased at $411/week
4. Potential Income: - $21,372 p.a.
Vacant Pub:
1. 500mò with bar, cool rooms, kitchen, amenities & back lane access
2. Pub licence inactive - ideal for restaurant, venue, storage or new venture
3. Huge potential to add income or combine with shop
Key Points:
1. Combined potential rental yield: up to - $196,092 p.a. (pub upside not included)
2. Currently under-utilised asset that can generate high-yield consistent income
3. Prime opportunity to revitalise & boost returns
Contact Sandy Bailey 0406 109 492 for more information or to arrange an inspection today.
