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commented on "INVESTMENT HOTEL FOR SALE"
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http://www.nswcitycountrybrokers.com.au/gallery/Investment%2BHotels%2Bfor%2BSale/investment-hotel-for-sale/519996
INVESTMENT HOTEL FOR SALE
INVESTMENT FREEHOLD HOTEL MOTEL FOR SALE
INVITING OFFERS over $2.2m
BRAND NEW LEASE JUST ACTIVATED
- First 4 months weekly rental - $1,400 plus GST
- Then $2,200 plus GST per week with 3% Annual increases
Drake is a popular destination village located on the Bruxner Highway, approx. 44km East of Tenterfield and approx. 74km West of Casino. The Modern Brick Hotel and other improvements present a great inspection of a very tidy low maintenance property. The purchase will include 3 titles, the fully serviced Hotel, 3 Motel Room Unit, a separate 2 bedroom residence, the Bunkhouse and garaging.
Hotel Features:
- No Competition - Only Hotel in Town
- Well appointed Public and Lounge Bars
- 3 VALUABLE Gaming Entitlements at Circa - $1,500,000
- Excellent Large Covered Beer Garden and Breakout Areas
- Separate 3 Room Brick Motel and 20 Bed Donga Bunkhouse
- Separate 2 Brm House - Circa $325,000
Plus More to see on Inspection
Very safe buying on Asset Value alone
Please enquire for further details