81-91 Byron Street, Inverell NSW 2360

$1,490,000

12 parking

SOLD BY RON BEKLEY OF RAY WHITE RURAL INVERELL

An outstanding commercial opportunity in the heart of the Inverell CBD. The 'Australian Hotel' Inverell has been an iconic building for over a century. Set on a prime 1776sqm commercial allotment with over 33 metres main street frontage. The lower level of the building consists of various open areas, two bars a large dining room, a fully operational commercial kitchen, beer garden/dance floor and various offices/storerooms. There is a separate commercial tenancy showing a healthy return with a long term tenant in place. The upper level of the building consists of a 2 bedroom managers residence, recreation room, kitchen, separate bathrooms and 20 accommodation rooms (showing a regular occupancy). The entire building on the lower level has multiple split system reverse cycle air-conditioners for heating and cooling including open fire places adding to the charm of the building. Rear lane access with generous off street parking, 4 car garage and a large storage shed currently leased separately for storage. Solar system installed. The property has a current liquor licence with extended trading hours making it the go to venue on a Saturday night. Full inventory available including cool rooms, commercial kitchen, furniture and so much more. The property has a large scope for expansion with some planning. The sale includes the Freehold property with a separate long term tenancies for the bar/dining area/kitchen, an adjoining tenancy, storage and the accommodation also separately managed all showing a healthy return. Genuinely For Sale as the current owners restructure their assets. For further particulars or an 'Information Memorandum' contact Ron Berkley 0417-612 660 of Ray White Inverell.

Property Details

• Type: Hotel/Leisure, Retail, Offices
• Parking Comments: Lock up and open parking at the rear
• Outgoings: 39927.00
• Tenancy: Vacant