Bargain Buy Hotel Plus Accommodation With No Competition
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
This has got to be one of the best buys you'll see this year, offering an established and proven hospitality business, with no competition, in an historic WA location.
Located in Australia's Golden Outback, the historic town of Newdegate is surrounded by rolling countryside, ancient rivers and vast salt lakes, and is known as one of WA's best wildflower destinations.
52km from Lake Grace, and halfway between Perth and Esperance, the area is home to unique flora and fauna, and offers many attractions to locals and tourists alike.
The Newdegate Hotel is being offered for sale freehold or leasehold, presenting an excellent investment, with potential to expand.
The only licensed premises for 60km, custom is assured, especially as this classic, two-storey building also includes 13 hotel rooms.
Extensive renovations have taken place, with new plumbing and electrics, so there's nothing to spend here - just move in and start trading.
At a glance:
* Large, prominent corner site with room to expand accommodation
* Bar, dining/function room, pool room, beer garden, full commercial kitchen + large cool room
Offering a wonderful lifestyle in a safe, friendly community; excellent turnover and potential for growth, this would make an excellent family enterprise for an owner/operator.
Freehold: $540,000 + SAV
Leasehold: $120,000 + SAV