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Family Hotel, Cootamundra

103 Hovell Street, COOTAMUNDRA NSW, 2590

For Sale

Property for Sale in 103 Hovell Street, COOTAMUNDRA NSW, 2590

Listing ID:
11326344
Status:
Active
For:
Sale
Price:
Sale: $725,000
Last Updated:
01/12/2018
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Property Type

Hotel/Leisure
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Land Area

N/A
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Floor Area

N/A
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Parking

0

Family Hotel, Cootamundra

INVESTMENT HOTEL
- Brand new lease of 5 years with 4 & 5 year options (25 years)
- Very fair rent of $65,000 + GST on 2017/18 turnover of $950,000
- Annual rental increments and tenant pays all outgoings
- The building is in good condition
- Industry standard lease document
- The tenant is a very experienced operator
Circa 9% NET RETURN

For more details, please email agent

Chapman Gould & May

554 Stanley Street, Albury, NSW 2640


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