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Goldfields Wa Hotel, Restaurant And Accommodation In Kalgoorlie-boulder For Sale

Kalgoorlie-Boulder, Western Australia, Australia
Freehold Price:
$1M - $5M (AUD)
Lease Asking Price:
$250K - $500K (AUD)
Sales Revenue:
$1M - $5M (AUD)
Cash Flow:
Available on request

Expressions of Interest in purchasing or leasing the renovated and popular Recreation Hotel.
On October the 7th after 31 years the Rec will be available as either Freehold and Business or Business / lease to a suitable operator

Current Owner Manager will offer negotiated advisory services (upto 12 months) to the suitable new operator.

City of Kalgoorlie-Boulder is transforming from a Gold mining region (richest square mile in the world) to a world multi resource rich region - Nickel, Rare Earth, Lithium to name few. Combined with its rich History and leap into Technology and Tourism the City of 30000 growth is well recognised to exceed 40000 in near term. Housing shortages and demand for workers highlight the growth future

After 31 years under same ownership the 120 yo Federation Style 2 story Hotel now proudly presents in fully renovated and fit for purpose condition. Requires just a Owner operator to enjoy the industry and share the hospitality with staff and patrons.

Kalgoorlie Boulder the safest place on earth - lockdown free (fingers xed) and a short trip south to the best beaches in the world

Make your next 5 years worth 50

Checkout the website for great vision - worth a trip just to checkout the real power house of Australia.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Available as lease or with real property included

Lease Terms:

3x3x3 negotiable - new lease to be put in place if Leasehold purchase

Leasehold Rent:

$156,000 (AUD) per annum

Living Accommodation:

Current owner has near located houses that can also be negotiated into the sale

Location:

Great Boulder Tourism precinct with in the City of Kalgoorlie Boulder

Premises Details:

120 yo renovated Building, 14 rooms, Front Bar, Sheffields Restaurant, Wood Fired Pizza business, TAB,

Business Operation

Expansion Potential:

Current owner has 2000 sqm locked near that will be developed into further accommodation and can make arrangements as suitable

Competition / Market:

The lack of competition

Reasons for selling:

31 years and building a House

Trading hours:

3pm - 11pm Mon - Thurs
12noon - later Fri-Sat-Sun

Employees:
25 Salary and Casual staff
Years established:
120 years current owner 31

Other Information

Support & training:

Current owner will to assist with the understanding of the premises along with guidance on trading - unto 12 months or as required

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Will offer 60% of Bricks & Mortar Val ($1.5m) at a negotiated rate

Furniture / Fixtures value:
$150,000 (AUD)
Inventory / Stock value:
$60,000 (AUD)
Website:
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Lease asking price:
$250K - $500K (AUD)

Contact Seller

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