Ascend Corporate Phone : 08 9480 ****
Lance White
(08) ****

0413 ****

Broken Hill Hotel Boulder Freehold and Business (And Adjoining Site )

Listing Id : 238050

Location : Western Australia - Kalgoorlie -East Wa

Category : Bars, Restaurant, Bottle Shop

Asking Price : 1,195,000.00 psav

Business description

This outstanding completely refurbished property has been owned and operated by the same couple for over 10 years. Due to serious ill health necessitating long periods of hospitalisation they can no longer continue to run the business and so reluctantly they must now sell the property and business on a walk in walk out basis.

Features of the freehold property include:

  • A substantial land area comprising 2**** **** mover two continuous lots
  • Two further adjoining lots totalling 1012m2 are also separately for sale making a total land area of 3**** **** m2 
  • Highly exposed corner site which also enjoys rear access
  • Current approval and plans for new 400 mbottle shop available
  • Approval for 45 room motel development and plans available (requires acquisition of adjoining 1012msite )
  • Ample parking

Features of the hotel include:

  • Two well appointed bars (public bar and lounge bar) each with their own separate toilet facilities
  • TAB with separate access from outside of hotel 
  • Compact bistro / restaurant
  • Well appointed kitchen
  • Drive Thru bottle shop with large cool room and easy access/egress
  • Beer garden with separate toilet facilities and band stand area and separate bar
  • Accommodation including 6 ensuite rooms
  • 1.6m x 3.2m double sided digital sign board to front of hotel
  • On site Muzz Buzz Express coffee store

Features of the business include:

  • substantial gross revenue circa $2.0m per annum
  • strong bar sales
  • above industry gross profit margins in bottle shop
  • attractive net returns to owner operators
  • strong TAB revenue

An excellent chance to take over this well presented highly successful property and business.

A rare opportunity to further capitalise on the huge potential to be realised by completing the exciting bottle shop and accommodation developments, for which plans and approvals are in place and effectively ready for immediate commencement.

N.b. Adjoining site with total area of 1012 m2 including residential home separately for sale at asking price of $330,000

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