NSW Riverina Leasehold Hotel-1P4831H
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Perfectly positioned on a street corner and located directly adjacent to the mighty Murray River with just a short stroll over to the recently finished Mini Marina complete with refurbished original boardwalk and bridge.
Enjoy alfresco dining from under the bull nosed verandah or within the recently upgraded dining room. Other features include a spacious public bar, 5 poker machines, bistro, dining / function / lounge areas with combined seating capacity of approx. 160, beer garden, ample parking, footpath trade, drive through bottle shop serviced from the bar and unique to the region and contributing to over 50% of food sales, are the famous Hot Rocks meals.
Consistent trading history with current turnover approx. $2.5M pa. Currently run by a dynamic partnership but could also be easily managed by an energetic couple.
Opportunity also exists to develop the accommodation with the option to let out the 5 current rooms, maintain their current use as additional dining/ function spaces or convert into a large family residence.
Very good lease terms with the landlord agreeing to extend the current lease to 20 years upon sale.
Well located in a strong contracting and tourist area the hotel benefitting from the diverse clientele – locals, day trippers, tourists and contractors.
• Excellent 79% Buyers Yield
• 5 x PMES
• Multiple income streams
• Very good tenant / landlord relationship
• Solid trading Hotel in a strong country town.
• Plant & equipment in excellent condition
• Consistent trading history with T/O approx. $2.5M pa.
• Currently run by a dynamic partnership
The Hotel has a good mix of trade and is in good order. The current tenants have been in the business for over 12 years and are ready for a rest.
A very good business, priced to sell. Contact Ian McDonald to inspect.