9 Railway Terrace South, Pinnaroo
overview
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1P3209
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Leisure
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Sold
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1350 sqm
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3042 sqm
Description
Outstanding Hotel Investment Opportunity – Golden Grain Hotel, Pinnaroo
This well-known and well-presented hotel situated in the tightly held Mallee region has hit the market. Located 240 kms* east of Adelaide this hotel has excellent street appeal.
Major features include:
- Current rental $84,000 per annum plus GST and outgoings
- 30 year lease in place ( 6 x 5 years ) commenced 14 June 2017 and expires 13 June 2047
- Site area 3,042 sqm* on 2 Titles
- Outstanding country hotel with modern facilities throughout
- Main bar with a games room
- 6 Gaming Machines
- Excellent dining facilities
- Lawned / timber deck outdoor dining area
- 10 accommodation rooms upstairs
- Well known operators
- Represents a return of 9.0%
Rarely do hotel investments of this quality come onto the market in this tightly held region. We highly recommend this outstanding investment to you.
Freehold tenanted investment for sale with an asking price of $950,000.
Further details contact Grant Clarke of McGees Property (RLA 1722).
(* approx)
Major features include:
- Current rental $84,000 per annum plus GST and outgoings
- 30 year lease in place ( 6 x 5 years ) commenced 14 June 2017 and expires 13 June 2047
- Site area 3,042 sqm* on 2 Titles
- Outstanding country hotel with modern facilities throughout
- Main bar with a games room
- 6 Gaming Machines
- Excellent dining facilities
- Lawned / timber deck outdoor dining area
- 10 accommodation rooms upstairs
- Well known operators
- Represents a return of 9.0%
Rarely do hotel investments of this quality come onto the market in this tightly held region. We highly recommend this outstanding investment to you.
Freehold tenanted investment for sale with an asking price of $950,000.
Further details contact Grant Clarke of McGees Property (RLA 1722).
(* approx)
Features
- Leasehold
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