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Bridport Hotel For Sale
Located in the popular resort town of Bridport on Tasmania’s north-east coast and home to the internationally acclaimed Barnbougle and Lost Farm golf courses.
This substantial two-storey hotel includes a public bar and wine bar (both with external timber decks), dining room, large function room, gaming lounge with 15 machines, commercial kitchen, drive-in bottleshop, 11 rooms, Keno, UBET, manager’s flat, and on-site sealed parking.
Prime location in the town centre overlooking the park and further views to the beach and sea.
The Lease has over 11 years to run and annual turnover is $2,138,565, 6 months revenue July to December 2020 up by around $400,000.
This is the ‘local’ hotel in Bridport and operates as a family concern who are intend to move interstate.
Certainly one of the best leasehold hotels in Tasmania with accounting figures showing a high net return on investment.
This is a great 'local hotel with a great reputation.
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
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