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Grand Hotel, Wellington NSW (FREEHOLD)

Price: $ 400,000
Sale Method: Open
Status: Recently Sold
Business: Freehold
Property: Hotel
Accommodation: 19

John Parsons Hotels
www.jphotels.com.au
12 William St, Orange NSW 2800
Phone: (02) 6362 3199

  • Manager’s Accommodation
  • 19 Accommodation Rooms
  • Public Bar
  • Function Room
  • Current Lease to 2019 then 2 x 3 year options
  • Current Yearly Rent  $59,200 plus GST
  • Tenant pays all outgoings  except building insurance. (owner pays building ins. of $10,400)
  • Yearly Rent Increases
  • 11.7% return based on current rent