Freehold accommodation facility – 3 income streams

Open to offers
Run as a Bed and Breakfast or rent as 3 separate facilities

Key Sale Highlights

This listing is posted by a private seller

Business Overview

On offer is the ex Union Club Hotel along with the a separate house next door at 95 Patton Street. “The Union” has many potential uses with the current use including short to medium term stays with 8 lettable rooms inside plus four shared bathrooms. The old front bar consists of an overly large lounge room / dining room along with semi-commercial kitchen which is an ideal place for guests to kick back and relax.

Outside there are 4 further rooms along with a large undercover area which offers ample room for outdoor dining and recreation along with shared laundry facilities.

Currently the hotel is rented long term to FIFO company for $4000.00 p/m generating a yield of over 8% even without the other 2 properties leased.

Also included in the sale is a live in managers/owners quarters with separate access that could also be leased out separately if you were looking to maximise your returns. The 2 bedroom apartment has a separate living (huge room) and dining along with an extra bathroom, laundry, kitchen and 2 further bedrooms.

The property & potential included in the sale is the separate house located next door. The house is currently incomplete but has undergone some renovations. Once renovated this property could offer further income generation or a separate dwelling for friends and family. Vehicle access to the properties is via Bonanza St with undercover parking for multiple vehicles.

A truly unique property offering so much accommodation and potential income generation located in a prominent, easy to find, South Broken Hill location.

The legendary outback city of Broken Hill is Australia’s oldest mining town, with a colonial history dating back to the 1880s with a rich history, a vibrant artistic community and cast of colourful characters. Tourists come to Broken Hill to discover amazing galleries, famous sculptures, cool cafes, palatial federation heritage and towering mining landmarks in Australia’s first heritage-listed city. In 2020/21 there was 944,169 visitor nights so accommodation is always in high demand.

Financials

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Location Details

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This information is only available to registered users. 

This information is only available to registered users. 

This information is only available to registered users. 

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