Address available on request,
Rochester, VIC 3561
Reduced Investment $730,000
Key property information
66HI - Hotel Investment
- Up to 10% rental return.
- 22 years remaining on the lease.
- Operated under a professional management team.
- A huge 2,147sqm block in the centre of town.
- All outgoings paid by tenant with the exception of the building insurance.
- Ample size residential accommodation.
This business is currently operated as a country lifestyle hotel with, TAB and Keno betting, Thirsty Camel Bottle Shop, Restaurant, Function room and Bar Trade give this business a number of profitable income streams.
The Criterion Hotel in Rochester was built around 1834. The building has operated as a Hotel since then.
An aggressive maintenance program has been undertaken by the current operators. This Hotel business is showing a huge growth with sensible management. If you enjoy a challenge and wish to add to your property portfolio, then consider this investment opportunity.
An inspection is the only way you will appreciate this Hotel. Call to arrange an inspection today.
Annual Rent: $76,125 plus GST
Contact Reg Partington and Annette Adams from Tourism Brokers for further information or to arrange an inspection.
Property ID: 66HI (quote when enquiring)
Property Code: 2737
Property ID: 502807670Last Updated: 1 Mar 2020