LEASEHOLD OPPORTUNITY - PREMIUM FREE

SOLD

Description: Prime location in the highly sought-after Hunter Valley. Within two hours of Sydney. Walk to all town amenities.

Construction: Solid two storey brick and tile construction with brick wall partitions. 28 rooms - 15 x share facilities & 13 x ensuite rooms.

Age: 40 Years

Clientele: Tradies & Workers

Tariffs: Single / Double $75 to $100

Chain Affiliation: No

Lease: 30 Years (3 Month Bond)

Rental:
First 3 Months Rent Free
Then 6 Months @ $35,000
Then 6 Months @ $50,000
Then Annual Rental @ $120,000 Per Annum Exclusive

Occupancy: Singleton is currently trading at 80% occupancy. So using 70% for this site and its location should be easily achievable.

Residence: 2 bedroom ground floor flat

Comment: Highly sought-after location. Premium free entry, low rental start-up. Possible to re-open bar as property still has full hotel licence. Guest kitchen and dining room. Opportunities like this are very, very rare. Don't miss this one!

MQ Property ID:
4489684


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