Freehold Hotel Investment New 21 Year Lease High 9% Yield

70-72 goulburn, crookwell nsw

Price: $1,620,000

  • Circa $1,200,000 upgrade, 2016
  • Hi 9.15% 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 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

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 canberra@burgessrawson.com.au

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