1-7 O'Donnell Street Hillston NSW 2675

For Sale Tenanted Investment - $3.15 Million

Property Type

Other (Rural)

Land area approx

9337.0000sqm

Region

Riverina

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Hillston1-7 O'Donnell Street
9337.0000sqm
Other (Rural)
For Sale Tenanted Investment - $3.15 Million

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TENANTED INVESTMENT - 25 YEAR TERM - MOTEL, HOSTEL, RESTAURANT WITH ALL THE FACILITIES

Irrigation Cotton Citrus Income Broadacre Almond

Signed, sealed, and delivered with new 25 year licence.

The Hillston Motel, Hostel and Shamrock Restaurant is a full-size multi-income stream operation. It offers up to 5 self-contained accommodation areas for manager/proprietor and staff, in addition to 14 motel guest rooms plus the more recently constructed 56 Hostel rooms including 29 single hostel rooms,14 bunk bedrooms and 13 Aladdin beds. The popular Shamrock Restaurant (seats approximately 80) is a well-presented licensed premises with competitive menus and a reputation for good food.

Hostel guests have a large-scale shared dining, cooking and washing amenities room
in addition to a generous off-street parking area. This is a good modern accommodation offering with a friendly shared atmosphere. Given all the extensive recent constructions, there are important asset values for this offering, easily exceeding $2.6M and with very significant depreciation benefits for investors, and maintenance and energy demands are very low indeed. Automated booking systems have also been introduced.

Allow some time for this inspection, there is a lot to see!

Hillston (pop about 1,500) is the centre of significant broad acre and irrigation farming. Cotton and more recently almonds and citrus production. In any case the labour demands are high. The town is located on the banks of the Lachlan River and accessed by the Kidman Way connecting Griffith (24,000) to Cobar, a major mining and tourism centre. The town has established itself as a popular stop over point for tourists as well.

Asking: $3,150,000
Land area 9337m2

Peter Campbell 0412 694 069
Gavin Cappello 0458 684518

All information contained in this website has been supplied to us by the vendors for the use of intending purchasers and has not been verified by this office. Potential purchasers should, therefore, make their own enquiries and seek professional advice. Since prices for businesses can vary, the latest information should always be sought. All inspections must be arranged via our office.