Freehold Hotel Investment New 21 Year Lease High 9% Yield

70-72 goulburn, crookwell nsw

Price: $1,650,000

  • Circa $1,200,000 upgrade, 2016
  • Hi 9% yield anticipated
  • Net income: $148,200 pa + GST

Property Details

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 comprising 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
Attractive 3.5% fixed rental increases ensuring growth
Tenant pays all outgoings, as per lease
Net Income: $148,200 pa + GST

For Sale for a reduced price of $1.650m Circa 9% Yield

Featured Details

Gross Building Area 1 sqm
Land Size 1,550 sqm
Rent Period Annually

Property Enquiry

Regarding Property ID: ACT000340

Thank you for showing interest in us.

Contact Details

Office Details

Unit 152, Level 1, 41 Eastlake Parade, Kingston ACT 2604

T 02 6152 9113 E

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