For more details and viewing please call Indigo Real Estate on Display phone number
Located on a high profile central corner allotment of approx. 442 sqm this substantial and extensive freehold property ticks plenty of boxes for investors keen to secure a long term income and potential for capital growth. Spanning two levels plus a large underground cellar this property is currently set up with significant short stay residential accommodation on the top level, surrounded by a wide and recently refurbished verandah offering some of the best views across central Beechworth. Upstairs there is also an independent kitchen, bathrooms, storage rooms and sitting areas.
The ground level is run as the popular and recently expanded Empire Hotel which is complete with dining area, bar, betting area, kitchen and formal dining room. There is significant scope for further development of this property. This property is currently let on a 10 year lease (commenced: 6th June 2014) plus options, incentivised rental structure and CPI increases.
Current rental $26,000 (plus GST) for years 1 & 2 with an increase to $41,600 (plus GST) thereafter. Plus outgoings. Annual rent reviews from 6 June 2018
For more information or to arrange an inspection contact Jamie Horne on 0438 280867
If you have any enquiries please contact Indigo Real Estate direct on Display phone number
