Sold - Flying Horse Bar And Brewery - 1p4984h

Warrnambool, Victoria 3280

SOLD

Key Features

AI generated. Contact seller to confirm.

Passive freehold investment opportunity
Located on Princes Highway
15 year lease with 3 x 5 year options
Annual rent increases of 2.5%
Substantial tax depreciation allowances available
Built on a 5115m2 corner site

Turnover: $350,000 pa
Net Profit: Not disclosed
Rent/Lease: Lease in place
Stock Value: Not disclosed
Established: 15 years

Business Details

Business Category Hotel

CRE Brokers are proud to offer for sale the Passive Freehold Investment of the Flying Horse Bar & Brewery Hotel in Warrnambool.
Constructed in 2008 this eye catching designed hotel is built on a 5115m2 Mixed Use Zone corner site. Located on Princes Highway next to McDonalds and a BP service station it does not get better than this.
Secured by a 15 year lease with 3 x 5 year further terms and annual 2.5% rent increases makes it ideal for you Superannuation. The current rent is $350,000 pa + GST and OG's. Substantial Tax Depreciation Allowances available.