SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD
SOLD

Unique Hotel Investment – High Yielding 10% Return

81-83 Melville Street, Numurkah VIC

Property Highlights

Brand New 10 Year Lease to 2029

Secure lease to experienced Hotelier

Tenant pays all usual outgoings

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

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Hotel/Bar
Land Size
2,012 SQM
Gross Building Area
897 SQM

Contact Agents

Jamie Perlinger

+610 413 860315

Beau Coulter

0413 839 898

Request Information

Stay up to date with our latest portfolio auctions & insights