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Freehold Outback Hotel with General Store

Freehold price: $940,000

Sandstone, Western Australia

Freehold Outback Hotel with General Store

This freehold hotel and general store on 1.5 acres of commercial land is a real gold mine - quite literally! Already turning over around $1 million a year, it's about to get an even bigger boost from a new gold mine opening nearby.

Established in 1907, the Sandstone National Hotel and General Store is 661km from Perth and 157km from Mt Magnet, and is the only pub and general store for 150km!

Alto Metals Ltd is in the process of opening a new gold mine 6km away, and the hotel is already benefitting as surveyors and other personnel visit the area and need somewhere to stay.

- Newly renovated inside and out, with improvements ongoing
- Mix of motel-style rooms and pub rooms, including 4 new rooms with ensuites
- TVs in 12 of the 14 motel rooms
- Bar and restaurant, with new fridges/freezers
- Licensed 6am to 10pm on Sundays, and 6am till midnight Monday to Saturday
- Karaoke facilities
- General store
- 4 permanent live-in truck drivers generate $12k-$13k gross a month
- No experience needed - 4 excellent staff in place
- Regular and annually returning clientele
- 3-bedroom house with private yard, in-ground pool and large shed

The National Hotel was built in the Gold Rush years by WA Richardson, and has remained open ever since, being a popular stopover for tourists, miners and prospectors. With nothing more to spend, this is a potential-packed freehold investment that would suit a variety of buyers.

Freehold price: $940,000
Leasehold opportunity considered

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Last updated: 16th November 2016

Summary

Property Type
Business
Contract Type
For Sale
Location
 Sandstone
State
 Western Australia
Price
Freehold price: $940,000
Category
  • Alcohol/Liquor
  • Hotel

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Agency

Coast to Coast Media

Contact

Coast to Coast  Media

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