7.5% Net Yield Anticipated | Long WALE Gaming and Hospitality Investment

10 Gowrie Avenue , Whyalla SA

Property Highlights

Experienced long term hotel operator
32 on-site licensed gaming machines
Fixed 3% annual rent increases
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Description

+ Brand new 10 year lease to New Whyalla Hotel to 2032 plus options to 2072
+ 32 on-site licensed gaming machines and 14 hotel suites
+ Expansive 4,599sqm* corner site in the heart of Whyalla
+ Net lease – tenant pays all usual outgoings
+ Fixed 3% annual rent increases, ensuring rental growth
+ Experienced operator onsite for over 15 years with multiple hotels throughout Australia
+ Whyalla: South Australia’s fourth most populous city with a population over 21,260*
+ Net Income: $420,000 pa* + GST

For Sale via Expressions of Interest closing EOI Closing Thursday 7 July if not sold prior.

*Approx.
RLA 312687

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Residential
Land Size
4,599 SQM
Building Area
2,930 SQM

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