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70a Ross Street Forest Lodge NSW 2037

  • Hotel, Motel, Pub & Leisure
  • 594 - 1,000 m²
  • For Sale, Contact Agent

A Rejuvenated Harold Park Hotel Hits the Market

  • Newly renovated hotel
  • Hotel Licence with 8 GMEs
  • Significant tax depreciation benefits

Extensively refurbished city fringe freehold hotel

JLL Hotels & Hospitality Group is excited to present to market the freehold going concern of the Harold Park Hotel located in the thriving city fringe suburb of Forest Lodge.

The Hotel has recently undergone a substantial refurbishment, offering incoming purchasers a turn key operation, heightening its appeal to all buyer profiles including private hoteliers or as a bolt-on acquisition for established hotel groups looking to expand.

Investment highlights include:
Available to buy now with up to 10 months delayed settlement
Over $1 million just spent on a fantastic hotel renovation
Substantial 900sqm+* trading footprint over two levels with solid underlying property value
Sale includes Hotel Licence with 8 GMEs
Genuine scope to enhance gaming with additional GMEs (Band 1 SA2) and room large enough for more machines
Limited competition in high density residential catchment opposite Harold Park by Mirvac with 1,300 apartments housing over 2,500 residents
Includes great beer garden, internal lift, 2 car bays on title
Significant tax depreciation benefits available

*Approx.

For further information on this opportunity, please contact the exclusive agents.

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

Property Highlights

Property ID2016403384
Floor Area594 - 1,000 m²
Land Area594 m²
Parking2 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  29 Jul 2020
Map for 70a Ross Street Forest Lodge NSW 2037
Map for 70a Ross Street Forest Lodge NSW 203770a Ross Street Forest Lodge NSW 2037
JLL - Hotels & Hospitality Group
Level 25, 420 George Street Sydney NSW 2000

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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