What an opportunity.

Freehold Investment

Rarely does the opportunity arise to purchase a hotel freehold investment property, much less one only 84km from Adelaide and overlooking the river. This is a strong trading hotel with gaming, accommodation, bars, restaurant and bottleshop, overlooking the river, the potential of this hotel is huge. Mannum is a popular river town near to the rapidly growing city of Murray Bridge and only a short drive to Adelaide. This is a good investment now but also has the potential to become a significant regional hotel.

Priced to be an 8% return on investment. Where can you get better than this so close to Adelaide?  The hotel is located in the main street of Mannum. The business has been run by the same tenant for over 20 years. With a long term commercial lease in place. The tenant pays all outgoings and there is no stamp duty payable on the purchase of commercial properties in South Australia. The hotel has 7 gaming machine entitlements, dining, bar, large bottle shop, 14 rooms of public and private managers ensuite room. The hotel provides for the local and tourist trade.

Mannum is a rapidly growing town with a permanent population of 6,750, a large tourist trade and the many ‘shackies’ and holidaymakers that use the many BnB’s and houseboats located in and around the river town. The town has 2 supermarkets, hospital, retirement village, many small businesses and all the other services of a large town. The town was first settled in 1840 as a river port and is still home to the PS Marion and base for the largest ship operating on the Murray – the paddle boat ‘Murray Princess’.

Asking Price FREEHOLD INVESTMENT    $1.75m