North Adelaide SA 5006

JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern of The Lion Hotel together with the Freehold Interest in 183 Melbourne Street.

Investment highlights include:

Hotel facilities include a bar, award winning restaurant, all day cafe, architecturally designed beer garden, multiple function rooms and ample patron car parking
Includes 20 EGMs (with approval for 40)
A multitude of major awards including the coveted AHA SA Best Overall Hotel on several occasions
183 Melbourne Street covers 2,888sqm* of lettable space with 11 mostly long-standing tenants including well known South Australian wool brokers the Michell Group and Mortgage Choice
Includes 2am liquor licence
Providing a combined holding income of $1,400,000*
Significant combined land holding of 4,833sqm* offering mid to long term development potential (STCA) with the ability to maintain holding income

Presented for sale for the first time in 20 years, this is an incredible opportunity for local and national hoteliers groups looking to expand their capital city portfolios or investors seeking a much higher holding income than alternative land-banking opportunities.

*Approx.

For sale by Expressions of Interest closing 4:00pm (AEDT) Friday 22 November 2019