Popular Port Macquarie Hotel Lease For Sale

Summary

Asking price: $3,750,000 (Furniture / Fixtures included)
Sales revenue: > $3m < $15m
Net profit: Available on request
Home based: This business can be run from home.

Business description

This standout Coastal Hotel business is now being offered to new tenants. Occupying a prominent position in Port Macquarie, this strong trader is continuously improving and is the favourite amongst locals and visitors. It offers consistent cash flow from a strong mix of trade and is one of the few with superb multi function ability.

The incoming tenant will own all plant and equipment + fixtures and fittings + 11 Poker Machine Entitlements (SIA 21).

This Large Hotel presents a quality inspection with ultra modern fit-out throughout, and the recent addition of a huge new drive thru Liquor Barn.

* Lease till 2025 with 20 year Option available

* 11 PME with SIA for 21

* Multiple open and covered Beer Gardens and Function areas

* Excellent smoking solutions off all patron areas

* TAB, Pub Keno and Gamesroom + childrens playroom

* Quality Fully self contained residence + 6 seperate motel rooms

* Freestanding Drive Thru Liquor Barn

* Popular Bistro and great dining facilities

This hotel offers the perfect opportunity for a long term tenant, as there is a mile of upside still. It is showing a growing weekly average T/Over of $85,000 +

Property information

Lease terms: Till 2025 + Options
Living accommodation: Very private & comfortable S/C residence with backyard and private parking
Location: Main road frontage

Other information

Competition / Market: unopposed
Reasons for selling: New Venture in Sight

(EMAIL FOR MORE INFORMATION)
ASKING: $3,750,000 + Stock