Wheatsheaf Hotel - 1P5030H
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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.