1 Nicholson Street,
Bairnsdale, VIC 3875

Hotel, Motel & Leisure

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Map of 1 Nicholson Street

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THE RIVERSLEIGH - FREEHOLD INVESTMENT ONLY

Originally built in 1884 The Riversleigh in one of East Gippsland's iconic properties that is full of elegance from the Victorian era.
The Riversleigh is an accommodation freehold that comprises 20 recently refurbished rooms, function room, commercial kitchen, bar area together with a sitting room overlooking the beautiful gardens that surround the building.
The Riversleigh is being offered for sale as an investment freehold with the following lease in place:
- Initial term of 5 years which commenced on 4th November 2013
- Rental of $143,000 per annum plus GST as at 4th November 2015
- Annual CPI rental reviews with market rent reviews at the commencement of each further term
- 4 x further terms of 5 years each

Note: Business is not for sale

Additional information

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Bairnsdale, 3875 demographic data

The median household income for Bairnsdale is $1,101, 21% lower than Regional Victoria's household income of $1,386. Bairnsdale has an older age profile compared to the rest of Regional Victoria (median age 44 vs 43). Property ownership data shows 41% of property owners in Bairnsdale have a mortgage.

7,905

Population

$1,101 per week

Median household income

44 years

Median age

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Most residents

Families

Most households