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Chapman Gould & May Real Estate - Albury

THE BROLGA HOTEL COLEAMBALLY, 2 Brolga Place Coleambally, NSW 2707

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THE BROLGA HOTEL COLEAMBALLY, 2 Brolga Place,
Coleambally, NSW 2707

Hotel & Leisure • Shop & Retail

Price information

Sale

$600,000 + SAV

(02) *** ***
Chapman Gould & May Real Estate - Albury
THE BROLGA HOTEL COLEAMBALLY, 2 Brolga Place
Coleambally, NSW 2707
Chapman Gould & May Real Estate - Albury
Doug May

Chapman Gould & May Real Estate - Albury

554 Stanley Street
ALBURY, NSW 2640

Map of THE BROLGA HOTEL COLEAMBALLY, 2 Brolga Place

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AVAILABLE FOR PURCHASE- Is possibly the best leasehold interest hotel in country NSW!

There is no better leasehold interest hotel on offer in country NSW!

The average weekly income of $49,350 continues to rise (up 10% from June 2019). The diversity encompasses many high profit income streams including Bar, Gaming, Motel Accommodation, TAB/KENO, Food and Functions. The present weekly rental is $1,550 representing only 3.1% of turnover.

Facilities include a single storey building in excellent condition and with modern design that features Main Bar with TAB, Walk In Bottle Shop, large Lounge/Saloon Bar, Gaming Room (smoking solution pending, including Tito hardware with 9 Gaming Machines, 6 of which have been recently upgraded), Beer Garden, functional Kitchen adjoining a separate Function/Breakfast Room. With plenty of off-street parking, by design, a very convenient hotel to operate with all Lessee’s equipment owned.

There is a comfortable 2BR, ensuite residence that is presently rented to guests for $140 per night due to the unprecedented demand. The current lessees have purchased a House in Coleambally and would be prepared to rent/sell this as a housing option for a new operator should they wish to continue this lucrative arrangement.

Adjoining the hotel are 7 well presented Motel Units whose occupancy rates are 87% Monday to Thursday and 62% Friday to Sunday. Construction has commenced for 6 new motel units to cater for the increasing demand. An extra $700 per week in rental will be payable once the units are habitable and this will equate to 7 nights tariff for only one unit at the proposed new rate.

A hotel Courtesy Bus services the village and surrounds of Coleambally which is a wealthy town originally created by the establishment of the Coleambally Irrigation Area and less than an hour from the vibrant town of Griffith and 2 hours from Wagga City facilities.

Coleambally is a proud, one pub town with a very strong sense of community that presents as a very pleasant place to live enjoying a great environment for family living.

A 30 year lease is offered. The accountant’s current Net Profit shows $13,000 per week for the past 6 months.

PRICE $600,000 + SAV

Property ID: 503322754Last Updated: 25 Mar 2020

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Doug May

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Doug May
Chapman Gould & May Real Estate - Albury
THE BROLGA HOTEL COLEAMBALLY, 2 Brolga Place Coleambally, NSW 2707

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  • Doug May

    Doug May

    Chapman Gould & May Real Estate - Albury
    (02) *** ***