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CRE Brokers are pleased to be offering for sale the Leasehold Business of the Great Western Hotel, Cobar in Central Western New South Wales.
The Great Western Hotel was established in 1898 and is prominently positioned on a large corner block. This family friendly hotel claims to have the longest veranda in NSW.
The hotel is the only gaming venue in town and features, a public bar with TAB facilities, 10 electronic gaming machines, 12 beers on tap, bistro, beer garden, coffee shop, wood fired pizza oven and commercial kitchen.
The hotel also has 36 en-suited accommodation rooms including 18 motel units at the rear of the hotel. All rooms have reverse cycle air-conditioning, fridges plus tea and coffee making facilities.
The current tenant is retiring - the vendor requires a new operator for this massive venue with huge upside. The generous lease terms are for the right applicant and will be revealed on application.
The purchase price of the lease is cut price at 200K with 100K being held as a bond. The rent is $3200 per week including GST and the lessee and vendor share the profits and expenses on the gaming.
This is an incredible opportunity to make great money.
For more information contact Adam Sutton