Share this property

Steele & Associates Hotel Brokers - Adelaide
Directions

492 Payneham Road Glynde, SA 5070

Directions

For Sale

492 Payneham Road Glynde, SA 5070

Development Sites & Land • Hotel & Leisure
Sale Price

Contact Agent

Land area

0.49ha (1.21 acres)

Floor area

1200.0m²

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$515,000
Number of Tenants
1 Tenant
Tenants / Type
Freehold Hotel

An iconic eastern suburbs Hotel

  • Iconic eastern suburban freehold hotel
  • Long term lease at $515,000 pa net + GST
  • Multiple value-add opportunities

Expansive site of some 4,881 sqm* with three street frontages.

Five separate Torrens titles

Comprised of bistro/dining, front/sports bar with Lotteries and TAB, and extensive gaming facilities with 33 licensed machines

Sip’n Save drive-through bottle shop and browsing area.

Long term lease until 2046 including renewals.

Current rental $515,000 net excluding GST*

Excellent location with strong local patronage.

A multi-faceted opportunity to secure long term cash flow, refurbish and reactivate the first floor into commercial/accommodation, redesign, expand, upgrade and improve the hotel offering, or redevelop the large site (subject to the necessary consents)

*Approx

Property ID: 503095110Last Updated: 16 Apr 2019

Steele & Associates Hotel Brokers - Adelaide
492 Payneham Road
Glynde, SA 5070
Malcolm Steele

Steele & Associates Hotel Brokers - Adelaide

133 King William Road
UNLEY, SA 5061

Agency contacts

Knight Frank - Adelaide (RLA 199257)

View Profile

Knight Frank - Adelaide (RLA 199257)

Level 25 Westpac House, 91 King William Street
ADELAIDE, SA 5000
progress tick

Sending email...

Email enquiry

Malcolm Steele

Send to:

Malcolm Steele
Steele & Associates Hotel Brokers - Adelaide
492 Payneham Road Glynde, SA 5070

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

  • Malcolm Steele

    Malcolm Steele

    Steele & Associates Hotel Brokers - Adelaide
    0407 *** ***
  • Tony Ricketts

    Tony Ricketts

    Knight Frank - Adelaide (RLA 199257)
    +61 *** ***