Treat Yourself To a 7.7% Return!
This original iconic pub is over 100 years old and a drawcard to the Alexandra area. Offering 9 over night rooms, formal and informal dining areas, rear courtyard and more this property will tick all the right boxes.
Seating for 46 people in the formal area and an additional 28 seats in the casual dinning area, the Shamrock Hotel is more than capable of holding all sorts of functions with its space, facilities and liquor license.
Not to be understated, there is a further 700m2 + of undeveloped land at the rear of the site with frontage of 17m to Bayley Street. This provides an bonus extra should the prospective purchaser look to increase the income of such an iconic site. Rare opportunities like this are impossible to find, solid investment with great development upside should not to be missed.
Rental – $67,600pa + outgoings + GST
Lease Start – 1/03/2019
Lease Term – 5 years
Further Terms Three (3) x 5 Year options
Rent Review – CPI
Security deposit of $10,000
The property is incredibly well known in the area and has even been featured in the hit show Selling Homes Australia providing the historic site a facelift.
For any further information, please call your exclusively listed agents,.