New - Kalangadoo Hotel - Freehold Investment (Business Available)

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This is a rare opportunity to purchase a freehold investment of a well presented, good turnover hotel in the fertile farming area in the South East of South Australia.  

With a rental return of $33,547 per annum and the tennant paying all outgoings. This investment offers better than 9% return on your money..

The hotel has a good front bar very popular with the locals, a walk-in bottleshop, large attractive dining room, 7 rooms for public accommodation and a managers flat, commercial kitchen with plenty of storage, a good fenced back yard and a large vacant block to keep a pony or trucks. The hotel has been kept in very good order. The Vendor is an older lady that wishes to retire.  

Kalangadoo is a lovely town with a primary school and football club. It services a strong surrounding farming area noted for its apples, potatoes, dairy and cattle. The town is located only 40km from Mt Gambier and is close to Penola, Millicent, Glenco and Nangwarry. 

Asking Price $370,000 (better than 9% return on investment)

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