House for sale
House in South Grafton, NSW
8 8 0
$1,375,000 plus SAV
Business for sale. Freehold pub in Grafton - construction is booming!All families and partnerships looking for a substantial income and quiet, regional lifestyle are encouraged to inspect this iconic pub, motel, restaurant & bottle shop in South Grafton NSW.
With a potential net income for an owner operator of in excess of $350,000 per annum, accommodation on site and close proximity to shops, schools and the mighty Clarence River, it offers a substantial lifestyle opportunity for a very reasonable investment.
Situated on just over 3 1/2 acres, there is a DA approval in place to subdivide 3 commercial blocks while retaining all existing infrastructure - a perfect opportunity to re-coup some your investment or develop further income streams. Up to 22 additional motel rooms can also be added to the property (STCA*).
The property includes the owner's residence (or additional motel room), 7 motel rooms, bar, restaurant, take-away bottle shop, covered outdoor, landscaped beer garden and a function room which is popular for weddings, bands, functions etc. Best of all, there are no noise restrictions due to the location in an industrial area away from residences.
With a turnover last year in excess of $1,400,000 and significant opportunities to increase future income, please call us today to arrange your guided inspection of the property.
Last updated: 02:18PM on Mar 17th 2017