Under Offer
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Commercial, Residential, Mixed Use
492 Payneham Road, Glynde, SA, 5070

Property details

  • Property ID:
    14109
  • For Sale:
    Contact Agent
  • Area:
    0.49 hectares (*approx)
  • Type:

    Commercial: Other

    Residential: Apartment Sites, Hotel Sites

    Mixed Use:

  • Development Potential:
    Residential Development Opportunity (STCA)
Agency information
Tony Ricketts

Overview

AN ICONIC EASTERN SUBURBS HOTEL

  • Iconic eastern suburban freehold hotel
  • Long term lease at $515,000 pa net + GST
  • Multiple value-add opportunities

Expansive site of some 4,881 sqm* with three street frontages.

Five separate Torrens titles

Comprised of bistro/dining, front/sports bar with Lotteries and TAB, and extensive gaming facilities with 33 licensed machines

Sip’n Save drive-through bottle shop and browsing area.

Long term lease until 2046 including renewals.

Current rental $515,000 net excluding GST*

Excellent location with strong local patronage.

A multi-faceted opportunity to secure long term cash flow, refurbish and reactivate the first floor into commercial/accommodation, redesign, expand, upgrade and improve the hotel offering, or redevelop the large site (subject to the necessary consents)

*Approx

Remember to mention you found this property on DevelopmentReady.com.au

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