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
For further information on this opportunity, please contact the exclusive agents.
|Floor Area||594 - 1,000 m²|
|Land Area||594 m²|
|Parking||2 x Onsite parkings|
|Building Type||Whole building|
|Annual Return||Ask Agent|
|Last updated||30 Aug 2020|
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