Leasehold $700,000 + SAV
$5.5m Gaming Turnover Annually
About this opportunity
Massive 20 Year Lease or Freehold purchase opportunity on a local suburban hotel only a short stroll from the new Super Stadium Site. Huge development plans in close proximity including the hotel site itself which can developed up another 4 floors. Imagine a business with accommodation, all forms of hospitality and entertainment for guests so close to a 30,000 seat Stadium and Entertainment Centre.
Why should you consider this opportunity?
Why you should purchase the Bellevue Hotel
- Its Affordable
- Landmark Townsville Hotel
- Well Established
- Super Location
- 5 Star Rating on Trip Advisor
- 2 Large Bars
- Bottle Shop – Thirsty Camel Brand
- $5.5m + T/O in Gaming Per Annum
- TAB in
- Full Chefs Kitchen
- Large Dining Seating 70
- Garden Entertainment Area
- 6 Night Theme
- Repeat Clientele
- Huge Potential with City Plan
- Easily Run
- Experienced Staff
- Well Presented
- Well Maintained Premises
- Commercial Space to Lease
The Bellevue Hotel is a 2 minute drive from Townsville CBD and a South Townsville landmark that is currently owned by a passionate family owner operator with a long history in the liquor trade. You will understand the proud ownership with just one look at the hotel and the condition it’s has been kept. It’s a great opportunity at an affordable price that will suit either an aspiring hotelier who wants to lease the hotel or an astute investor wishing to secure a rock solid investment with endless future opportunities in a great location.
For the aspiring hotelier, on offer is a 20 year lease arrangement which can include negotiable options. The hotel has so much to offer day in day out in its well established suburban location servicing repeat clientele from 9.00am. There are many income streams for promotion and currently the owners have a weekly theme program that works well but can still be improved upon.
It has an excellent base of gaming turnover that is continues to have record months through 15 machines, (Application in to apply for 2.00am gaming licence) large open public bar area with separate are for pool tables, soon to be refurbished branded bottle shop with security, well patronised dining area serving quality meals at affordable prices from a fully functional chefs kitchen, Keno, a pub tab with full refurbishment locked in for early 2017, a covered garden area with stage for entertainment.
The Bellevue hotel is sited on 2 separate blocks totalling 1681m2. The current location and zoning allows for significant improvements to be made with height restrictions of 4 levels but possibly 8 with council dispensation. 15 poker machine licenses worth in the vicinity of $1.0m belong to the freehold owner, 2 minute drive from Townsville CBD, walking distance to the new super stadium and entertainment centre. The new approved river promenade plan commencing in April 2017 will include a foot bridge linking the city with Palmer Street which is also a short stroll form the Hotel.
Relocation of the Railway yards again on the way to the new stadium and entertainment centre to a new site (currently under construction) will see massive residential development occur in that area. One developer is already touting a project that includes 400units so it all bodes well for the future of the area.
If this great business opportunity is for you, to look is a must. New to the market with NQ Business Sales the business is listed for sale at $655,000 + SAV Freehold consideration given to be negotiated.