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Description: Moree Real Estate has been instructed to sell this property on behalf of the Mortgagees
Established in 1929, The Imperial Hotel is arguably the most recognisable building in Moree, presenting old world charm at every turn. Located on the main intersection of Moree, with double frontage to Balo and Heber St.
Multiple opportunities to investors with three distinct sections: a 16-room hotel accommodation, a commercial shop with street frontage, and a vacant pub.
Accommodation
• 16 individual rooms consisting of double/single bed, wardrobe, vanity, air conditioning and shared kitchen, laundry and bathroom. All rooms have their own double doors onto a balcony
• 483m2 total floorspace plus expansive lobby entryway
• Currently rooms are rented at $210/week with bookings and operations managed by a local property agent
• $174,720 p.a. rental opportunity
Commercial Shop
• 120m2 street frontage commercial shop on Heber St
• Connects to the vacant pub, with ability for the commercial shop to use the pub space to expand the Net Lettable Area
• Currently vacant. Previously rented for $411/week
• $21,372 p.a. rental opportunity
Vacant Pub
• Vacant pub with large bar area, two cool rooms, large commercial kitchen, male and female toilets and back lane access
• Approx. 500m2 with large expansive open areas for clientele
• Pub licence no longer active. Potential to revitalise as a restaurant, entertainment space, storage, or other commercial venture, with only upside from its current configuration
• Total potential yearly revenue of $196,092 p.a. (not including vacant pub) with the upside of the untapped potential to turn the vacant pub into a further high yielding rental or combine with the commercial shop
• Your opportunity to revitalise this underserved quality asset to generate substantial high-yield consistent income
• For Sale via Expressions Of Interest - closing 4pm, 1st August 2024, if not sold prior
• Contact MRE or NWRE for more information or to book an inspection
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