Mount Pleasant Hotel Motel - Land - FREEHOLD INVESTMENT

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This is an excellent opportunity to purchase a commercial property in the sought after Adelaide Hills. The Mount Pleasant Hotel Motel is a sound business with a long term commercial lease in place. Rent is $91,595.16 per annum and increases annually by CPI with a market review at lease renewal. The tenant pays all outgoings except land tax. The land sale includes 6 motel rooms and a managers house all on a large landholding with main street location.

The hotel is situated in the lovely Adelaide Hills town of Mt Pleasant. The hotel has recently been extensively upgraded, the hotel presents to the highest of standards while maintaining its period ambience. Featuring attractive stone walls, polished timber floors, open fireplaces and quality furniture and fittings.

The hotel is popular with the local community and the many tourists traveling around the Adelaide Hills and Barossa regions. The hotel is a well balanced business offering bars service, quality meals, TAB Agency, 6 gaming machines, beer garden, motel accommodation with ensuite bathrooms and a superior managers flat all on a large landholding.

Mount Pleasant is a beautiful Adelaide Hills town surrounded by fertile farming country known for its food, dairy, wines and horses. The town is located 55kms from Adelaide on the road between Birdwood and Angaston. The town hosts a district hospital, primary school, bank, small business, many sporting clubs and local oval which hosts the farmers market every Saturday and many horse, cattle, dog and car shows.

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