Property Details

2 Brolga Place, Coleambally

2 Brolga Place, Coleambally

For Sale FOR SALE BY EXPRESSION OF INTEREST -
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FOR SALE BY EXPRESSION OF INTEREST

ON OFFER- Is possibly the best leasehold interest hotel in country NSW!

The diversity of the $44,800 weekly income encompasses many income streams including Bar, Gaming, Motel Accommodation, TAB/KENO, Food and Functions. The weekly rental is $1,525 representing only 3.4% of turnover.

Facilities include a very well presented single storey building with modern design that features Main Bar with TAB, Walk In Bottle Shop, large Lounge/Saloon Bar, Gaming Room (smoking solution pending, including Tito hardware with 9 Gaming Machines, 6 of which have been recently upgraded), Beer Garden, functional Kitchen adjoining a separate Occasion/Breakfast Room. With plenty of off-street parking, by design a very convenient hotel to operate with all Lessee’s equipment owned.

There is a comfortable 2BR, ensuite residence that is presently rented as guest accommodation at $140 per night due to the unprecedented demand.

Adjoining the hotel are 7 well presented Motel Units whose occupancy rates are 87% Monday to Thursday and 62% Friday to Sunday. To cater for the increased demand the Landlord has agreed to build 6 new motel units on the site, incurring an extra $700 per week in rental which will equate to 7 nights tariff for only one unit at the proposed new rate.

A hotel Courtesy Bus services the village and surrounds of Coleambally which is a wealthy town originally created by the establishment of the Coleambally Irrigation Area and less than an hour from the vibrant town of Griffith and 2 hours from Wagga City facilities.

Coleambally is a proud, one pub town with a very strong sense of community that presents as a very pleasant place to live and great environment for family living.

A 25 year lease is offered. Accountant’s Net Profit shows circa $565,000

EXPRESSION OF INTEREST - Closing Date Friday, 18th of October 2019

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Doug May

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With his excellent background in customer relations, contract negotiations and asset management, Doug has been able to successfully transfer and blend these skills and so many more into direct and positive results for his many clients. Doug is reliable, hard working and punctual.

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