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Meekatharra hotel freehold and business

Listing Id : 282862

Location : Western Australia -Regional Wa

Category : Accommodation, Accommodation

Asking Price : 380,000

Business description

Meekatharra is located in the Midwest of Western Australia and situated so as to be a central point for travel from Perth, Kalgoorlie, Geraldton, Port Hedland and beyond. The town has a rich pastoral, mining and indigenous heritage and now serves as a focus for government services for the region.

The Meekatharra hotel freehold includes

9 ensuite guest rooms

Secure parking area

Approx land size 3000spm

Hotel has been in operation since the 1800’s, the current owner purchased the business in 2013.

Provide accommodation but also provide standard food options, Chinese food, a bar and bottle shop.

A house with 3 bedrooms also included in the sale.

LEASEHOLD OFFERING

The Seller is offering a new lease of the hotel (business only) on the following basis :

• Initial Term : 10 years
• Options : 2 x 5 year term
• Commencing Rental : $ 50,000 per annum ( plus outgoings )

Terms sought: Asking Price : $75,000 psav as follows:
Goodwill : $ 40,000
Furniture Plant and Equipment: $ 35,000
Stock : $20,000 (estimate only)

FREEHOLD OFFERING

Alternatively the Seller is prepared to offering the freehold and business for sale on a walk in walk out basis

Terms sought : Asking price of $ 380,000  plus trading stock as follows :
Land ,buildings and fixtures : $305,000
Goodwill : $40,000
Furniture Plant and Equipment: $35,000
Stock : $20,000 ( estimate only )


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