Freehold Hotel Investment New 21 Year Lease High 9% Yield
70-72 Goulburn, Crookwell NSW
Property Highlights
Description
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 Details