21 Forrest St, Boulder WA 6432, Australia , Land/Development for Sale - FN First National Real Estate Kalgoorlie

21 Forrest Street
boulder WA 6432

BROKEN HILL HOTEL

This outstanding completely refurbished property has been owned and operated by the same couple for over 10 years. Due to serious ill health necessitating long periods of hospitalisation they can no longer continue to run the business and so reluctantly they must now sell. They are prepared to sell the freehold and business assets on a walk-in walk-out basis or alternatively they are also prepared to sell a new long term lease of the business.

Features of the hotel include:

Freehold WIWO asking price ( Land , buildings, furniture ,plant ,equipment and goodwill): $1,195,000 plus stock at valuation

Two well appointed bars (public bar and lounge bar) each with their own separate toilet facilities

TAB with separate access from outside of hotel

Compact bistro / restaurant

Well appointed kitchen

Drive Thru bottle shop with large cool room and easy access/egress

Beer garden with separate toilet facilities and band stand area and separate bar

Accommodation including 6 ensuite rooms

1.6m x 3.2m double sided digital sign board to front of hotel

On site MuzzBuzz Express coffee store

Features of the business include:

substantial gross revenue circa $2.0m per annum

strong bar sales

above industry gross profit margins in bottle shop

attractive net returns to owner operators

strong TAB revenue

Proposed Lease Terms include:

Leasehold asking Price ( Furniture , plant , equipment and goodwill ) : $375,000 plus stock at valuation

Initial Term: 10years

Optional term: 1 x 5yrs

Commencing Rent: $75,000 per annum (+GST)

An excellent chance to take over this well presented highly successful business.

VIEWINGS BY APPOINTMENT ONLY CONTACT DEE LEWIS ON 0417 889 413 OR 9021 0341

Details

Property Type - Land/Development

Land Area - 2024m2

Open Times

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Contact Details

Dee Lewis

Commercial Sales & Leasing Manager

0417 889 413

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