Passive Investment Hotel Sale – Criterion Hotel Maryborough

Contact Damian Monahan on Ph: 0498 204 926 or Chris Cameron on 0477 271 875 for an inspection or further details.

• Current Owner to take up on Lease 2 and operate, Lease 1 has current tenant of Ground Floor Operation
• BAR, CAFE, NIGHTCLUB, BEER GARDEN
• ACCOMODATION
• ROI – 8%
  
• 2 x Leases consisting of 30 years (10 x 3 years) each.
• Lease 1: Ground Floor Cafe, Bar, Nightclub, Beer Garden lease. $54,000 per annum CPI increases, lease holder paying 100% the outgoings.
• Lease 2: Accommodation ( Refurbish at Lessee’s expense including new roof ) 2nd and 3rd Floors, $60,000 per annum CPI increases.
• TOTAL RENT $114,000 per annum.
• Strong Bar, Cafe, Night Club, Beer Garden and once complete Accomodation Business.
• Maryborough is on the move with “Government Incentives” on offer to further improve site.
• Potential for 3 X Off Premise Licences that can be sub leased or operated by the lease holder.