Unique Hotel Investment – High Yielding 10% Return
81-83 Melville Street , Numurkah VIC
Property Highlights
Description
Brand new 10 year lease to 2029 + options to 2038.
Secure long term lease to experienced hotelier.
Tenant pays all usual outgoings.
Classic 2 level Victorian hotel with public bar, separate drive-thru bottle shop, TAB facilities, outdoor terrace, dining room, commercial kitchen, bistro and first floor accommodation – 11 rooms.
Positioned in the heart of Numurkah’s commercial precinct next to Foodworks Supermarket, banks & pharmacy.
Annual CPI reviews.
Substantial Commercial 1 Zoned 2,012 sqm site with rear access and 20 on-site car spaces.
Numurkah will be the location for the Victorian Governments new $160m solar farm, which will power Melbourne’s tram network.
Numurkah: 35 km north of Shepparton, a major agriculture district primarily focused on dairy grazing and fruit growing. Forms part of Victoria’s renowned ‘Fruit Bowl’ region.
Rent: $106,000 pa + GST
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Property Details