177 River Street,
Ballina, NSW 2478

Hotel, Motel & Leisure • Shops & Retail

Key property information

Land area

Floor area

Tenure type

Sold on

Map of 177 River Street

Directions

25 Year Lease Expiring 2036 Circa 9.5% Yield

Securely leased freehold hotel investment sale.
As new tilt up panel construction built in 2009.
Central corner location in heart of CBD retail precinct.
Sale incl. Hoteliers Licence and 15 poker machine entitlements.
Hotel areas comprise central bar area, bistro, outdoor dining, verandah seating, conference/meeting areas, split gaming room and smoking area.
On site parking for 9 vehicles.
Net lease, tenant pays all outgoings as per lease.
Annual rent increases to greater of 3% or CPI (& market 5 yearly).
Net Income: $348,140 pa + GST.
Offers over $3,550,000 are invited (circa 9.5% net yield).

Deadline for Offers 3pm Thurs 3 April

Dean Venturato 0412 840 222
dventurato@burgessrawson.com.au

CO AGENT
John Parsons Hotels
Greg Haines 0407 623 199
greg@jphotels.com.au

Ballina, 2478 demographic data

The median household income for Ballina is $1,013, 29% lower than Regional New South Wales's household income of $1,434. Ballina has an older age profile compared to the rest of Regional New South Wales (median age 56 vs 43). Property ownership data shows 29% of property owners in Ballina have a mortgage.

9,735

Population

$1,013 per week

Median household income

56 years

Median age

Owners

Most residents

Families

Most households