Ardrossan Hotel Motel

36 First Street Ardrossan South Australia

SOLD - Freehold Investment

Price on Application

Ardrossan Hotel Motel SOLD

A very appealing single storey hotel motel located in a highly desirable Yorke Peninsula coastal town some 150 kms from Adelaide.

Sale by Agent: John Langford | Langfords Hotel Brokers

 

For Sale - Freehold Investment

  • Subject to Existing Lease to Matala Nominees Pty Ltd expiring March 2048 Inclusive of all Rights of Renewal
  • Current Net Rental $169,422.72 Per Annum ($186,365 Inclusive of GST)
  • Back to back main and lounge bars
  • Gaming room with 12 machines operating
  • Licenced outdoor area
  • Main dining room
  • Second dining/private function room with bar
  • 11 motel units and a manager’s residence with office

In the Agents opinion the Ardrossan Hotel Motel presents well in all respects. All customer areas including Bars, Gaming Room and Dining Rooms are visually appealing and the Motel units experience high occupancy especially during the tourist and crabbing/fishing season each year. The business has been competently operated by the incumbent Lessee for approximately 10 years and the freehold vendor has owned the property for 37 years.

Website: www.ardrossanhotelmotel.com.au

Facebook: www.facebook.com/Ardrossan-Hotel-Motel-150173578354462/

 

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