HAMILTON VIC 3300
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- 16 Mar 2017
2151ML - CI Grange Burn is Best in the West - 40% Return!
- A beautiful motel in Hamilton Victoria.
- Includes a lovely refurbished residence and surrounds.
- CHA branded
- . And a popular choice for all guest channels.
Grange Burn is a 31-room motel and function centre with breakfast room. It's all presented through an empressive decor evident in public areas and expansive guest rooms, including central gardens and courtyard, on show for each room.
It offers potential to be lifted to the flagship of accommodation in Hamilton. All it needs is your enterprise!
Note: Buyers are reminded that in Victoria stamp duty is not payable on leases, the landlord is responsible for his own land tax and compulsory market review applies at the start of each term..
Net profit $273,389 for 2014/15
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 2151ML (quote when enquiring)
Location: Hamilton is at the base of the Southern Grampians and is ideally located between Melbourne and Adelaide. It is well serviced by major highways and has a regular daily air service to and from Melbourne. It has a current population of around 9,250 and is only 285 kms from Melbourne.
Hamilton, both the geographic and business hub of the region, has been the centre of a large and wealthy pastoral industry for over one hundred and sixty years and has grown to become a thriving country city. Exhibiting style and quality, with excellent shopping, diverse architecture, an outstanding art gallery and stunning botanic gardens, this gracious city offers a first class visitor experience.
Property Code: 1925
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information