This is a rare opportunity to purchase a strong returning investment or the business of a strong trading, significant provincial city hotel, in a strongly growing area.
The Hannahville Hotel is an attractive hotel in a rapidly growing city. Tastefully upgraded, extended and renovated, the hotel has a modern and appealing main bar, attractive large dining room, function room, 12 well performing gaming machines (with approval for 20 machines), al fresco dining, beer garden, plentiful parking and a managers flat.
As a freehold Investment this is a low maintainence high returning investment with a long commercial lease in place with the tenant paying all outgoings (excepting Land Tax).
Port Augusta is a thriving rapidly growing city and the major business centre for the northern area of South Australia. The city hosts all the infrastructure expected to support a major area of the state including major banks, shopping, accommodation, Flying Doctor base, schools etc. It is at the cross roads of Australia having a strong transport element with tourists, travellers and freight heading north, east-west and to the nearby large mining centres. The city is continually growing and developing, and this hotel is a chance to get into this strong market. Located in the thriving heart of the city, this hotel deserves your attention.
Asking Price $300,000 + stock