84-90 Carrington Street, Adelaide
overview
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1P1670
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Leisure
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Sold
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965 sqm
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752 sqm
Description
Saracens Head Hotel and First Floor Office Accommodation Outstanding Investment Opportunity in Thriving CBD Precinct
This outstanding property incorporates a long term ground level Hotel lease together with upper level office accommodation. Located in a fast developing precinct of the eastern CBD, this well presented corner building provides an excellent long term investment to an astute purchaser.
The ground floor is a well-established Hotel and has a well-known operator as its Lessee. The current operator has refurbished the Hotel substantially recently and it provides modern facilities that are required for today's hospitality requirements.
The first floor is currently occupied by the Vendor on a monthly tenancy. It provides over approximately 200 square metres of modern offices with a separate entrance from Carrington Street. This area will be vacated at settlement.
- Current rental $215,000* per annum plus GST.
- Hotel lease expires 2057, current rental $175,000* p.a. plus GST.
- First floor offices, monthly tenancy current rental $40,000* p.a. plus GST.
- Excellent Hotel operation, all facilities on offer.
- 20 Gaming Machine entitlements.
- Upstairs offices offer modern facilities.
- 9 offices, boardroom, kitchen and bathroom facilities.
- Upstairs offered with vacant possession on or before settlement.
For further details and to arrange an inspection please contact:
Rory Butterworth 0418 822 265
Grant Clarke 0414 806 130
(*approx).
The ground floor is a well-established Hotel and has a well-known operator as its Lessee. The current operator has refurbished the Hotel substantially recently and it provides modern facilities that are required for today's hospitality requirements.
The first floor is currently occupied by the Vendor on a monthly tenancy. It provides over approximately 200 square metres of modern offices with a separate entrance from Carrington Street. This area will be vacated at settlement.
- Current rental $215,000* per annum plus GST.
- Hotel lease expires 2057, current rental $175,000* p.a. plus GST.
- First floor offices, monthly tenancy current rental $40,000* p.a. plus GST.
- Excellent Hotel operation, all facilities on offer.
- 20 Gaming Machine entitlements.
- Upstairs offices offer modern facilities.
- 9 offices, boardroom, kitchen and bathroom facilities.
- Upstairs offered with vacant possession on or before settlement.
For further details and to arrange an inspection please contact:
Rory Butterworth 0418 822 265
Grant Clarke 0414 806 130
(*approx).
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