The Capricorn Hotel, 22-50 Arthur St, Blackwater, Qld 4717

Knight Frank is pleased to present the Capricorn Hotel Blackwater (Freehold).

This robust freehold hotel opportunity consists of 15 EGMs, 36 Motel Rooms, a Drive-thru Bottle shop, a fully equipped Bistro and Public Bar, a Function Room, and an Alfresco Area/Beer Garden.

The Capricorn Hotel sits on a substantial land holding of 1.55Ha.

Key features:

- Freehold land holding of 1.55Ha
- Fifteen (15) Electronic Gaming Machines (EGM’s)
- 36 Motel Rooms
- Drive-Through Bottle Shop
- Public Bar
- Function Room
- Bistro area
- Alfresco/ Beer Garden
- Leased until 2031 with options through to 2051 (10-year initial lease term with 2 x 10-year options)
- Rental income of $288,732.36 + GST + Outgoings per annum
- 100% of the outgoings are paid by the tenant
- Excellent development upside with excess land

For further information please contact Adam Kelly or Tony Fenlon via the below enquiry section

For Sale by Offers to Purchase