MONOPOLY LOCATION OPPORTUNITY For Sale
For savvy couple to own this unique hotel with the oldest operating liquor licence in the historic West Australian goldfields.
Situated 30 mins from Kalgoorlie on main EAST / WEST highway with excellent position opposite Museum and Tourist Centre.
Built from local stone in 1897, with Balcony to front and side, this building is a credit to the early settlers with recent restoration and renovations, the new owners can sit back and enjoy a casual lifestyle or in your spare time, find a NUGGET as minimal staff required.
290 bed mining camp located 1 km without wet mess ( we run bus pickup), Gold prices at an all time high, Monopoly, Location & Position all make for the RIGHT TIME AND RIGHT PLACE with increase in local mining activity. Early open licence and with over 40,000 meals through the Bistro this business represents a great investment.
The hotel has 10 rooms, Manager Room, Office, 2 bathrooms, Front and Lounge bars, Dining/Bistro, fully equipped kitchen with ample fridges freezers and equipment. 22kwm Solar system installed 6 months ago. Large 4 bay carport. Coolroom, Laundry, Store.
Additional 1/4 acre block with rentable shop at front. Casual BBQ Beer garden. Plus 16 ensuited rooms.
Operated by sole female publican for past 5 1/2 years, with old school values, but not social media knowledge. Upto date Web page and facebook promotions would bring this business to a whole new level.
Turnover 2019 $608k with approx 25% R.O.I. A.A.
Asking $550k
For more information please contact the owner on 0407 988... (click to show)
Price Suffix abbreviations
Negotiable - Price can be negotiated
W.I.W.O - Walk in Walk Out(Buyer walks in, Vendor walks out)
O.N.O. - Or Near Offer
E.O.I. - Expressions of Interest
Freehold - The property in which the business is situated is owned outright. No rental.
Leasehold - The property is occupied on a rental basis, under a lease. Terms of the lease vary, commonly "3x3"(3 years with a 3 year option), "5x5x5",etc.Note:Rent $...PCM = Per Calendar Month
+ S.A.V. - Stock At Value
+ G.S.T. - G.S.T. is to be paid by buyer
+ Equipment - Equipment to be included in final price
+ Fixtures & Fittings - Items like security systems, lighting, signage,menu boards,etc. are not included in the sale price.
+ Plant - Plant not included in the sale price.
+ Vehicle - Vehicle price to be added to final price
All Inclusive - Everything associated with business included
Stock Included - Stock business holds included in final price