SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Outstanding Landmark Hotel Investment 31 Year Lease Expiring 2039

2 Moonee Street , Coffs Harbour NSW

Property Highlights

Pacific Highway Landmark Investment
Long 31 year lease
Fully refurbished premises

Description

The Coast Hotel – Coffs Harbour’s leading CBD hotel
For Sale by Deadline Private Treaty
Closing 4pm Tuesday 21 May 2019
Indicative Price: $6.25m (circa 8% net return)

Set and forget investment of immaculate presentation
Large corner site of 1,612 sqm with parking
Long term liquor industry experienced operator featuring 2 bars, gaming room, beer garden, guest rooms
Sale includes Hoteliers Licence and 15 poker machine entitlements
Secure investment with impeccable rental payment history
Net lease, tenant pays all outgoings, as per lease

Net Income: $492,307 pa + GST

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Land Size
1,612 SQM
Building Area
1,178 SQM

Contact Agents

Dean Venturato

+610 412 840222

Contact Me

Darren Beehag

0411 226 223

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