• Located approximately 6.5km north of the Adelaide CBD
• Currently successfully operating 42 key accommodation venue with full facilities including restaurant bar function room and swimming pool.
• Located on a high profile and central corner with street frontages within close proximity to major supermarkets eateries and fast food outlets
•Opportunity concept plans available to develop 100 room branded urban hotel (STCC)
• Significant branded operator interest
• Substantial land holding on approximately 4,345 plus additional land of 1,792sq m being total land holding of 6,137sq m on 7 titles
• Valuable holding income of $315,000pa plus GST and outgoings
• 5 year initial term from 2017 with 5 x 5 year rights of renewal
To invest in an existing accommodation facility in addition to proposed development plans and costings on the site currently known as the Sombrero Motel Prospect.
Interested parties are invited to contact the exclusive agent for more information on this exceptional opportunity being offered for sale by way of Expression of Interest.
First tenders close: Thursday 12th August 2021 4pm
For further details please contact exclusive sales agents,