Share this property

McGees Property - Adelaide (RLA 1722)

2 Makin Street Keith, SA 5267

Directions

2 Makin Street
Keith, SA 5267

Hotel & Leisure

Price information

Sale

Asking Price $2.8 Million

Land area

0.71ha (1.75 acres)

Floor area

2185.0m²

Car spaces

30

Tenure type

Tenanted Investment

0414 *** ***
McGees Property - Adelaide (RLA 1722)
2 Makin Street
Keith, SA 5267
Grant Clarke

McGees Property - Adelaide (RLA 1722)

Level 10/60 Waymouth Street
ADELAIDE, SA 5000

Map of 2 Makin Street

Directions

Keith Hotel Motel - Outstanding Hotel Freehold Investment

McGees Property is pleased to offer for sale the Freehold investment of the Keith Hotel Motel. This is the first time in over 50 years this outstanding hotel has been offered to the market.

The Keith Hotel Motel is the only hotel in this very popular rural and tourism township. The Hotel offers excellent street appeal in the centre of town and other features include:

- Well maintained single storey hotel
- Prominent location in the township
- Site area of 7,082 square metres*
- Net rental $262,189 p.a.* plus GST
- Long term lease in place - excellent tenant/operator

The excellent hotel facilities include:
- 20 Gaming Machines
- Main bar and drive thru bottle shop
- Outdoor smoking and dining facilities
- 18 motel rooms and 10 pub-style hotel rooms
- On site and street parking
- Commercial kitchen, coolrooms and grease trap
- A large 2 storey separate residence
- Further development land opportunity
- Ideal SMSF investment
- Located only 225 kms* south of Adelaide the property represents an outstanding return of 9.5%

Rarely to Hotel Freehold investments of this quality come onto the market in the tightly held south east region.

(* approx.)

Property ID: 503361314Last Updated: 10 Dec 2019

Agency contacts

McGees Property - Adelaide (RLA 1722)

View Profile

McGees Property - Adelaide (RLA 1722)

Level 10/60 Waymouth Street
ADELAIDE, SA 5000
progress tick

Sending email...

Email enquiry

Grant Clarke

Send to:

Grant Clarke
McGees Property - Adelaide (RLA 1722)
2 Makin Street Keith, SA 5267

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call

  • Grant Clarke

    Grant Clarke

    McGees Property - Adelaide (RLA 1722)
    0414 *** ***