Hotel Freehold Investment
The Dan OConnell Hotel is a large part two storey inner city premises located on the corner of Canning Street and Princes Street within the established inner city suburb of Carlton. The property maintains a prominent exposure to both Canning Street and Princes Street featuring a large turret and decorative pediment.
The ground floor of the hotel provides a main public bar area, large separate function room and outdoor courtyard area. The first floor is largely utilised as office space being a former managers residence / accommodation rooms.
Securely leased to March 2032 with annual CPI increases, currently returning approximately $155,000 (ex. GST) per annum.
Features:
* Iconic Inner City Hotel
* Current rent: approx $155,000 p.a ex GST
* Annual CPI increases no market review
* Prominent corner location
* Residential 1 zoned corner site of 532 sqm 翻譯中文