The single storey visually attractive Prince Edward Hotel was first licensed in 1864. The business continues to be supported by ‘locals’ and visitors to the town due to the hotels old world charm & relaxing character.
Sale by Agents in Conjunction: John Langford, Langfords Hotel Brokers | Glen Shipway, Shipway Hotel Motel Brokers
The Premises comprises:
The initial return on Investment is 8.5% at the Vendors Asking Price relative to current net of GST rental Income. The Lessee pays all outgoings including building insurance (except Land Tax which is minimal). Many alternative commercial property investment opportunities offer a much lower return compared to the subject property.
The Yorke Peninsula Township of Wallaroo located 160 kilometres Northwest of Adelaide is part of the ‘Copper Triangle’ with Moonta and Kadina. A copper smelter was established in Wallaroo in 1861 which eventually became the largest of its type outside Wales. In 1861 the town jetty was built to bring in coal, timber, food and mining equipment.
Today Wallaroo is a major deep seaport for the transport of grain via ships. The Wallaroo to Lucky Bay (on Eyre Peninsula near Cowell) passenger and vehicle Ferry operates from Wallaroo. Being an SA coastal town, many visitors are attracted to the beaches, scenery and good fishing.
For further information please contact one of the Joint Agents:
Langfords Hotel Brokers Pty Ltd
Ph: 0410 605 224
Shipway Hotel Motel Brokers Pty Ltd
Ph: 0417 801 659