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Burkes Hotel Motel

Burkes Hotel Motel

Leasehold $1,195,000

Burkes Hotel Motel, Yarrawonga VIC - 1P0145


Dan McDonald


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Burkes Hotel Motel

Leasehold $1,195,000

The Best Victorian Leasehold Hotel Business On The Market!

Famous Burkes Hotel/Motel, Yarrawonga.

A traditional Australian hotel with diverse income streams for the savvy modern hospitality professional.

Exceptional Lease terms with a long lease and very attractive rent available.

Revenue streams across food, bar, functions and 20 smart motel units in an enviable location deliver an unbeatable bottom line. Accommodation revenue – $350K plus!

Ideally located in the heart of the dynamic regional centre of Yarrawonga, Burkes is a beautifully presented, modern Hotel/Motel operation offering many features including a spacious open plan public bar, TAB, lounge, bistro/dining, commercial kitchen, 2 x function spaces, alfresco dining, beer garden plus a 1 bedroom, 2 bathroom with lounge residence.

Key Features:

* Long 26 year Lease in place
* 41.7% (approx.) Buyers Yield
* Rent @ 5.6% (approx.) of T/O with accommodation revenue of $350K plus
* Public bar, TAB, bistro, function, accommodation
* Ideal golf & tour destination offering 20 accommodation rooms
* Fantastic floor plan delivering high volume revenue opportunities
* Prominent central city location
* Excellent plant & equipment
* Ample secure parking for patrons and guests

Contact Dan McDonald today to arrange your inspection of this outstanding business opportunity.

Agent Details

Dan McDonald | 0437838368

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