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Leasehold Hotel under management in Adelaide CBD for sale

$750,000 + SAV

Adelaide, South Australia

Leasehold Hotel under management in Adelaide CBD for sale

Leasehold Hotel under management in Adelaide CBD for sale
Price: $750,000+$50,000(stock approximately)

Business Information:
• Leasehold Hotel not include the property
• 4-day business, closed on Monday and Tuesday. Open at 11:30am
• With over 180 years history
• Currently under management
• Locate in a famous historic building of Adelaide CBD with new improvement
• Include 2 restaurants, 2 bars, 1 multifunction ballroom, 1 TAB room, 1 commercial kitchen, 8 accommodation units, multiple storage rooms, 4 car parks and an outdoor Alfresco seating up to 90 people
• Liquor licensed for 427 person, 6 areas
• The owner owns all 20 gaming machines
• Newly renovated in 2020, beautifully presented with historic classic style.
• With great potential to further develop: possible to open Monday and Tuesday, with space to increase 7 accommodation units
• The current owner has applied for roof garden from the council with plans available, and increase 7 accommodation units with DA approval in place.
• The Hotel is under management by an established management team. The owner does not work in the business, but supervise the business on the management level.
• With complete and accurate record and business information
• Regular functions business with university's business networks, legal fraternity and more
• It is a rare opportunity on the market.
• Suit for the business person with management experience or the people want to work in the business.

Please ring Yiling Tang now, or send an email or add Wechat to obtain further information. Yiling is not only a sales person, but also a business valuer and business advisor. You will be benefit through the conversation with her.

Features

Hotel Information

  • Restaurant Facilities: -
  • Liquor Licence: -
  • Restaurant: -
  • Lease: -

Business Links / Tools

Last updated: 1st November 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Adelaide
State
 South Australia
Price
$750,000 + SAV
Category
  • Hotel

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Yiling Tang