Freehold Hotel Leased – Cash added to Purchase Hotel

The hotel is a double-storey building that sits on a 1002sq m parcel of land; well over quarter of a million dollars has recently been spent on building improvements and a complete new roof & battening out ready for solar off grid. Other improvements consist of new for old replacement of 2nd story verandah overlooking township, new solid black bean timber flooring throughout bar area, new ceilings, chandeliers and led lighting in lounge area, new power board, completed fire & safety audit pass of entire building (replacement of all alarms, lighting, signage, fire management plan & extinguishers), new fans, complete replacement of large front awning over public walkway, original 2nd story floors polished, barista fix out in both bar areas, too much to mention on all detail. .

The prime real estate location ensures stability regardless of mining industry boom & decline which has only moderately affected trade, as strong growth in agriculture and tourism for Sarina shows increased revenue in other areas of the business opposed to regular contractor bar & accommodation trade.

The Mackay region is the largest sugar producing area in Australia and the Mackay & Hay Point Ports host one of the world’s largest bulk sugar & coal terminals.