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Criterion Hotel Crookwell, 70-72 Goulburn Crookwell, NSW 2583

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Criterion Hotel Crookwell, 70-72 Goulburn,
Crookwell, NSW 2583

Hotel & Leisure

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$1,525,000

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Map of Criterion Hotel Crookwell, 70-72 Goulburn

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Freehold Hotel Investment New 21 Year Lease High 9% Yield

  • Circa $1,200,000 upgrade, 2016
  • Hi 9.15% yield anticipated
  • Net income: $148,200 pa + GST
Burgess Rawson Canberra are pleased to exclusively offer the Criterion Hotel - Crookwell for sale.
This Pub has had recent extensive renovations and is in a prime regional farming location close to Canberra and Goulburn
Brand new 21 year lease until January 2039
Substantial freehold hotel and Residential Accommodation on 2 separate titles.
Hotel comprises bar, beer garden, function and dining areas plus hotel accommodation
Substantial $1,200,000 upgrade completed 2016
Rental upside with ability to increase income by $31,200 pa, as per lease
Prime main street position next to IGA
Crookwell: Part of prosperous Goulburn region with catchment population of circa 30,000
Tenant pays all outgoings, as per lease
Net Income: $148,200 pa + GST

For Sale for a reduced price of $1.625m Circa 9.15% Yield

Property ID: 502919090Last Updated: 26 Feb 2019

02 6152 91...
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Criterion Hotel Crookwell, 70-72 Goulburn
Crookwell, NSW 2583
Burgess Rawson Canberra Commercial - Dickson
G03/19 Challis Street
DICKSON, ACT 2602
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