One of the few privately owned hotels in the Riverland owned by the same family for some 33 years.
Sale by Agent: John Langford | Langfords Hotel Brokers
The Property comprises:
The Paringa Hotel Motel has been held by the same owner since the late 1980’s.It is located across the river from Renmark and positioned on the highway to Mildura and beyond. As the financial statements show it is a substantial business with no immediate competition. Paringa has a population of approx 1200 residents.
The hotels floor plan is labour efficient with one staff able to service all customer areas during quiet times ie bar, drive inn, dining room and gaming room.
We believe the Paringa Hotel Motel is ideally suited to one or two couples, a family or a sole trader and it is able to be purchased as a Freehold and Business OR Leasehold and Business with a new 30 years lease from settlement (including rights of renewal)