Hotel - Backpackers - Home Hill - BARGAIN $340K - 13% Net Return

Commercial Hotel -Backpackers Accommodation - Home Hill
This Freehold Hotel is selling on a Walk in Walk Out Basis. Hotel is currently leased for 5 yrs with a further 2 x 5 yr options in place & currently returning a 13% Net Return on asking price. The Hotel
has all codes & permits in place & is situated in the main street of Home Hill. There are 16 rooms on the 2nd level for Accommodation, Self contained Kitchen & Verandah area, Toilets & Showers for guests,Ground floor there is a Public Bar, Lounge, Resturant, Commercial Kitchen with Gas Stove/Oven, Deep Fryer, Stainless Bench Tops, Coffee Machine etc, Outdoor Dining Area, Laundry, Coldroom, Toilets & 4 Bay Lockable Shed at Rear of Hotel. The Hotel is also ideally situated directly across the road from the Comfort Stop where highway Travellers are continutally stopping to take a Rest. For more info or to arrange for an inspection please contact agent. To view other properties from this agency please see webpage

  • Property ID: 3622
  • Occupancy: LEASED
  • Whole or Part Building: WHOLE
  • Frontage: s
  • Municipality: BURDEKIN
  • Available: Available: Now
  • Term of Lease: 5 Years
  • Zoning: Retail Commercial
  • Property type: HOTEL / LEISURE
  • Listing type: FOR SALE
  • Land Size: 1390 Metres²
  • Carspaces: 10
  • Outgoings Paid by: TENANT