Ascend Corporate

Hotel Investment 9.5 % Return

For Sale $890,000 Negotiable

The property comprises a two storey building on a large 1012 m2 site with main street frontage and rear access with onsite parking. It is fully leased to small WA Hospitallity group with 10 + 10 year Lease.

In 2013 the hotel was extensively refurbished including new roof, electrical wiring & plumbing, new kitchen with concrete floor, floor & wall tiles, exhaust system, new tiolets, new bar and new furnishings and floor coverings throught. Hotel facilities include refurbished "old style" bedrooms, managers quarters, bistro bar facility and extensive all weather beer garden.

  • Fully Leased rental return 9.55%
  • Ten + 10 year Lease - Rent $85000 p/a
  • Annual rent rewiews to CPI & Market 
  • Well renovated building 
  • Sound Business trading history

Contact Howie G Sangster 08610 25580 OR email back