Sarina QLD 4737
- Hotel / Leisure
- 1 m²
- For Sale, FH Inv. $900,000
Freehold Investment Hotel Coastal QLD Solid 9% ROI - 1P2875
As the Exclusive Agency, CRE Brokers are pleased to present this beautiful Federation Style Hotel as a Freehold Passive Investment.
The hotel sits on a 1,002m2 parcel of land with frontage to the Bruce Highway right in the heart of the busy town centre.
Features include a large rustic bar, with 1 of only 2 remaining stainless semi-round cold rooms in the country, late trading liquor license 10am - 2am 7 days, footpath alfresco dining, barista, lounge, beer garden and spacious back yard area as well as 12 rooms for accommodation upstairs.
Over $250k recently spent on improvements to the building.
Rustic style bar serves commercial and craft beer, traditional front pull system.
Unique semi-round style stainless cool room, only 1 of 2 left in Australia.
Lounge & alfresco outdoor areas, great beer garden with good sized back yard.
Patronage consists of locals, railways, mill, tourists, nomads, construction, mining and commercial trade.
Major works completed on this 100 year old pub (not heritage listed). All local government audits recently completed: trade waste, accommodation, fire & safety, liquor licensing, food.
New lessee in place with 30 year lease (first time lease)
Priced to sell showing a 9% Return on Investment for the investor, rent annually increasing with CPI, with all outgoings paid by tenant.
|Floor Area||1 m²|
|Land Area||1,002 m²|
|Annual Return||Ask Agent|
|Last updated||4 Oct 2019|