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Overview
Tenanted Investment Opportunity
An ideal investment opportunity for the astute investor, this offering includes The Broken Hill Hotel located at 21 Forrest Street and the adjoining property at 45 Forrest Street, Boulder. Together, these properties present various options for future growth and development.
21 Forrest Street, The Broken Hill Hotel:
- Land area of 2,024 square meters.
- Current rent income of $88,600 per annum plus outgoings and GST.
- Lease expiry in August 2026 with further terms available consisting of two 5-year options.
45 Forrest Street:
- Land area of 1,012 square meters.
- Includes a residential house generating an income of $330 per week.
- Both lots are equipped with 3 phase power.
- Connected to commercial sewerage system.
- Previously approved for a 45-unit development, offering significant redevelopment potential.
- Also previously approved for a larger drive-through bottle shop with a manager's residence above.
- The hotel construction has been designed to accommodate a second floor, which could include 15 en-suited rooms, enhancing accommodation capacity.
This combined property offers a unique opportunity for investors seeking a tenanted investment with potential for expansion and redevelopment in a growing area.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Boulder WA 6432
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 3036 m² |
Market Insights for Boulder WA 6432
Other properties in this postcode
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