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Real Estate Central Projects - DARWIN

Katherine River Lodge and Motel , 50 Giles Street Katherine, NT 0850


Katherine River Lodge and Motel , 50 Giles Street,
Katherine, NT 0850

Hotel, Motel & Leisure

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Real Estate Central Projects - DARWIN
Daniel Harris

Real Estate Central Projects - DARWIN

39 Cavenagh Street
Real Estate Central Projects - DARWIN
Katherine River Lodge and Motel , 50 Giles Street
Katherine, NT 0850

Map of Katherine River Lodge and Motel , 50 Giles Street


Great Freehold Opportunity with an excellent income

  • 62 rooms in total
  • Great income
  • Great Pub and Bistro
50 Giles Street, Katherine is a quality motel, pub and restaurant. The property sits upon a 10,400sqm site on the Katherine River and great access to the Katherine CBD being on a main road.

The property features 62 rooms in total with ample carparks throughout the property. There are currently twenty rooms being renovated and should be completed in a month.

Operating off the currently running 40 rooms, the gross income is approximately $1.9m per annum. These 40 rooms have been freshly renovated and are very comfortable being fully air conditioned. With the addition of the twenty rooms coming back online, the expectation is the revenue will be a gross amount of $2.5m per annum.

The Barrel and Cruse Bistro has a great reputation and has just been renovated and offers a playground for the little ones.

In addition, the property is fully fenced and secure with laundry services and a pool with barbecue area on the premises. There is also an expansive solar system to keep the electric bills at bay.

For more information, please call Sam Moore 0484 923 0... or Daniel Harris

Property ID: 504575236Last Updated: 26 Apr 2024

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