Property Details

2 Brolga Place, Coleambally

2 Brolga Place, Coleambally

For Sale $600,000 + SAV -
 Bedrooms Bathrooms Download Brochure

AVAILABLE FOR PURCHASE- Is possibly the best leasehold interest hotel in country NSW!

There is no better leasehold interest hotel on offer in country NSW!

The average weekly income of $49,350 continues to rise (up 10% from June 2019). The diversity encompasses many high profit income streams including Bar, Gaming, Motel Accommodation, TAB/KENO, Food and Functions. The present weekly rental is $1,550 representing only 3.1% of turnover.

Facilities include a single storey building in excellent condition and 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 Function/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 to guests for $140 per night due to the unprecedented demand. The current lessees have purchased a House in Coleambally and would be prepared to rent/sell this as a housing option for a new operator should they wish to continue this lucrative arrangement.

Adjoining the hotel are 7 well presented Motel Units whose occupancy rates are 87% Monday to Thursday and 62% Friday to Sunday. Construction has commenced for 6 new motel units to cater for the increasing demand. An extra $700 per week in rental will be payable once the units are habitable and this 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 enjoying a great environment for family living.

A 30 year lease is offered. The accountant’s current Net Profit shows $13,000 per week for the past 6 months.

PRICE $600,000 + SAV

Features

Property Map

Doug May

agent pic
  • Office : (02) 6041 4132
  • Mobile :

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.

Doug has been in the real estate ...

Contact