7.5% Net Yield Anticipated | Long WALE Gaming and Hospitality Investment
Description
+ Brand new 10 year lease to New Whyalla Hotel to 2032 plus options to 2072
+ 32 on-site licensed gaming machines and 14 hotel suites
+ Expansive 4,599sqm* corner site in the heart of Whyalla
+ Net lease – tenant pays all usual outgoings
+ Fixed 3% annual rent increases, ensuring rental growth
+ Experienced operator onsite for over 15 years with multiple hotels throughout Australia
+ Whyalla: South Australia’s fourth most populous city with a population over 21,260*
+ Net Income: $420,000 pa* + GST
For Sale via Expressions of Interest closing EOI Closing Thursday 7 July if not sold prior.
*Approx.
RLA 312687
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Contact agents
Adam Thomas Partner | Managing Director QLD
0418 998 971Andrew Havig Partner
0478 010 990Enquiry Form
Whyalla, SA
10 Gowrie Avenue
- Sold Price: Contact Agent
This property was sold as part of Portfolio 153
Contact agents
-
Adam Thomas Partner | Managing Director QLD
0418 998 971 -
Andrew Havig Partner
0478 010 990