Link Business Melbourne Phone : 03 9819 **** Steven Mostafa
03 98 ****

Freehold Opportunity of The Saracens Head Hotel - $6,500,000 (15351)

Listing Id : 272635

Location : South Australia - Adelaide

Category : Others

Asking Price : 6,500,000

Business description

• SARACENS HEAD HOTEL • AMAZING 6% YIELD • Freehold Opportunity • No STAMP DUTY Payable • Valuable 3am General Liquor Licence • City of Adelaide's Oldest Known Hotel • $394,000PA Rental + GST + Outgoing • Excellent Hotel operation, all facilities on offer. . 20 Gaming Machine entitlements. . 9 offices, boardroom, kitchen and bathroom facilities. STEVEN MOSTAFA from LINK Business is pleased to present to market the Freehold Opportunity of The Saracens Head Hotel. Offering what is a rare chance to secure a well established property with a long standing tenant, Saracens Head Hotel caters to all corners of the market, whether it be occupying, investing or re-developing (STCA). The City of Adelaide's oldest known hotel built in 1890, the property has been transformed in recent years and now offers the following investment highlights: - High exposure, character filled pub in the heart of Carrington St boasting one of Adelaide's most unique and eclectic interiors - Large Carrington Street land holding of Floor Area 965 m² Land Area 752 m² - Includes a highly valuable, 3am liquor licence - Showcasing a wonderfully maintained, two-storey building with generous public bar upon entry, well-appointed commercial kitchen, first floor dining room and a highly popular atrium style function room and music area. The current tenant has plans of a further extension with upper levels within the next twelve months due to business reaching close its full capacity. Currently holding 20 Pokies Machines in a licensing agreement to the property. With a positioned rental on a 6% yield this opportunity truly is unique. PRICED $6,500,000 For further information please contact the below sales agents: STEVEN MOSTAFA**** ****

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