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Sold Hotel/Leisure found in OUTER NORTH (REGIONAL), NSW

FOR SALE - 2 MANAGED STRATA MOTEL UNITS

Hotel/Leisure

- $225,000 for the pair
- Ideally situated in holiday playground between lake and ocean
- Two strata-titled units in a block of 22
- Well-managed quality motel with proven consistent income
- Pooled income - no vacancy worries
- Potential upside - site zoned for High Density Residential Units

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Sale Price: Contact Agent    Building: 1m²    Occupancy: Vacant

LEASEHOLD HOTEL

Hotel/Leisure

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

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Sale Price: Contact Agent    Building: 570m²    Occupancy: Vacant

Suburb Summary -

Below you will find the average advertised Sale Price, Rent & Yield for this suburb.

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list on Commercial Property Guide.
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