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Terang VIC 3264

  • Hotel, Motel, Pub & Leisure
  • 2,000 m²
  • For Sale, Investment $1,790,000

Fantastic Freehold Investment Hotel Opportunity - 1P5030H

The hotel has undergone a major refurbishment that has transformed the upstairs accommodation area, giving the hotel operator a further income stream of 13 accommodation rooms, 3 bathrooms, laundry/kitchenette and living area. The upstairs also comprises a 3 bedroom owner's residence with bathroom and new kitchen.

All new wiring, plumbing and window replacements have been completed on the second floor and the exterior has been fully repainted leaving the hotel in picture perfect condition.

The hotel boasts:
A comfortable public bar
Large well patronised bistro
Separate function area with its own bar facilities
Excellent large commercial kitchen
Great north facing beer garden
The only drive through bottle shop in town
A large corner block of over 2000 m2

The operators have been successfully running this hotel for over 18 years and are 12 months into a recently signed new 36 year lease.

A current rent of $135,200 + GST per year and 4% fixed increases annually make this one of the best investment hotels to hit the market in recent times.
An inspection of this hotel will not disappoint.

Inspections are still happening

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Property Highlights

Property ID2016374852
Floor Area2,000 m²
Land AreaAsk Agent
ParkingAsk Agent
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  7 Aug 2020
Map for Terang VIC 3264
Map for Terang VIC 3264Terang VIC 3264
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  • Purchase Price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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CRE Brokers
U4/10 Lakewood Boulevard Carrum Downs VIC 3201

Inspections are still happening

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Inspections are still happening

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