Located in Grafton northern NSW is the well established Jacaranda Hotel or as locals know it - The Jaca.
The Jaca is being offered for sale on a leasehold basis offering the following to any prospective purchaser:
* 2 separate bar areas
* Full TAB and Keno facilities
* Commercial kitchen and dining area
* 6 poker machines
* 11 accommodation rooms + a bunk room.
* 2 bedroom and 2 bathroom managers flat
* Two huge beer gardens
* Massive carpark
The current lease doesn't expire until Jan 2021 and has a further 2 x 3 year options.
Currently showing decent gross weekly income and lends itself perfectly to a husband and wife team to generate a very healthy income for themselves.
With Grafton expecting an influx of workers for a multibillion dollar highway upgrade as well as the construction of a new bridge over the Clarence River now could be a great time to get into the local hospitality and accommodation game.
Property Code: 449