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
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  • Stephen Lovison
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