21 Forrest Street, Boulder, WA 6432

Development/Land

For Sale $1,195.000.

  • Property ID: 344888
  • Floor Area: 2024m²
  • Land Area: 2024m²
  • Occupancy: Vacant
  • NBN Availability: Service Available - Fibre to the node (FTTN)
BROKEN HILL HOTEL

This outstanding completely refurbished property has been owned and operated by the same couple for over 10 years. Due to serious ill health necessitating long periods of hospitalisation they can no longer continue to run the business and so reluctantly they must now sell. They are prepared to sell the freehold and business assets on a walk-in walk-out basis or alternatively they are also prepared to sell a new long term lease of the business.

Features of the hotel include:
Freehold WIWO asking price ( Land , buildings, furniture ,plant ,equipment and goodwill): $1,195,000 plus stock at valuation
Two well appointed bars (public bar and lounge bar) each with their own separate toilet facilities
TAB with separate access from outside of hotel
Compact bistro / restaurant
Well appointed kitchen
Drive Thru bottle shop with large cool room and easy access/egress
Beer garden with separate toilet facilities and band stand area and separate bar
Accommodation including 6 ensuite rooms
1.6m x 3.2m double sided digital sign board to front of hotel
On site MuzzBuzz Express coffee store

Features of the business include:
substantial gross revenue circa $2.0m per annum
strong bar sales
above industry gross profit margins in bottle shop
attractive net returns to owner operators
strong TAB revenue
Proposed Lease Terms include:
Leasehold asking Price ( Furniture , plant , equipment and goodwill ) : $375,000 plus stock at valuation
Initial Term: 10years
Optional term: 1 x 5yrs
Commencing Rent: $75,000 per annum (+GST)

An excellent chance to take over this well presented highly successful business.

VIEWINGS BY APPOINTMENT ONLY CONTACT DEE LEWIS ON 0417 889 413 OR 9021 0341

Boulder Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Retail --- $79 ---
Offices --- $130 ---
Industrial $1137 --- ---
This is the average advertised price, rent and yield for Boulder, WA 6432*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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