Parkes Hotel Gracelands
Description
4 star AAA rated boutique accommodation hotel + restaurant & wine bar
Highly experienced long term operator
20 luxuriously appointed rooms
Midpoint between Melbourne & Brisbane on busy Newell Hwy
High level of repeat corporate clientele
Massive depreciation benefits
Annual rent increases to greater of CPI or 3%
Net lease, tenant pays all outgoings, as per lease
Net income $170,000 pa + GST
Offers circa $1,900,000 (showing 9%net return)
Dean Venturato 0412 840 222
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Stephen Lovison
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PARKES, NSW
7-9 7-9 Bushman Street
- Sold Price: Contact Agent