This sought after gaming hotel investment opportunity is available for the first time in almost 40 years. The single storey hotel is the only hotel in town and perfectly located just off the Sturt Highway and a short walk to the iconic banks of the Murray River.
Paringa Hotel Motel sits on 2 x Titles for the hotel and motel, combined land area of 5,019 m2 Commercial 1 zoned and a separate Title for the vacant land of 1,442 m2 to potentially expand the current accommodation or function centre etc.
The hotel features a large dining area with a fully equipped commercial kitchen, 18 x machine gaming room, public bar with TAB & Keno, plus a rear beer garden, drive thru bottle shop and a separate 19 x motel units accommodation. The residence provides a spacious 3 bedrooms, kitchen, 2 x bathrooms, office and enclosed rear yard.
Now offering the Freehold Passive Investment for sale with a 6% return, a long new 30 year lease with an established tenant, market rent and potential rear further development (STCA).
Please enquire today as this opportunity won't last.
