Grand Hotel - 1P4714H
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The Grand Hotel comprises a three story purpose built hotel offering a public bar, grand dining room / bistro, commercial kitchen, a delightful shade covered beer garden, drive through bottle shop and 16 refurbished accommodation rooms.
The Grand Hotel is developed over a large corner site of 1,517m2 (approx.) that is zoned for Commercial 1 use.
This investment is secured by a new 30 year lease (5 year + 5 x 5 year options) that commenced in February 2019. The current passing rent is $208,000 pa + GST and usual outgoings, and there are annual CPI increases.