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LUNATIC HOTEL - DRAKE

Price:$2,500,000.00
Poker Machines:3
Rooms to Let:3 motel plus donga style for large groups
Bars:Convenient single bar operation
Restaurant:Bistro served by Commercial Kitchen
Bottle Shop:Over the counter
Construction:Single storey brick
Residence:Separate 2 bedroom house

LUNATIC HOTEL

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You'd be crazy to miss this great investment.

The eccentrically named Lunatic Hotel presents an opportunity not to be missed.

Underpinned by 3 valuable GMEs, ($1.8M +) this single storey brick hotel is an iconic stop on the Bruxner highway, situated between Tenterfield and Casino. Located in the village of Drake whose population of around 400 is regularly swelled by the many tourists and seasonal workers drawn to this area.

Drake offers many exciting outdoor activities, including water activities on the Clarence River, exploring Girard State Forest, and Rover Park 4WD and Motorcycle Park for the more adventurous! You can also visit the nearby  Paddy's Flat Tank Traps and learn about this important part of WWII history.

The Lunatic Hotel is the social hub of this friendly town, regularly hosting large functions, live music and karaoke.

Serviced by a convenient single bar operation, the hotel compromises public bar, lounge area, gaming room, pool tables and a children's games room. The bistro is supported by a commercial kitchen.

Space abounds outside the hotel, with a beer garden, covered area, fire pits and expansive grassed areas.

Accommodation includes 3 Motel rooms, donga style accommodation for groups of up to 10 and a free camping area.

The Managers 2 bedroom house is privately situated on a separate lot.

Presenting numerous opportunities for future development, the generous land area of The Lunatic Hotel consists of 8 lots equalling nearly 2 acres (7815.2sm)

The Lunatic Hotel is currently leased until April 2024 at approx. $117,000 pa.

The 3 GME's represent an ideal opportunity to secure three of the fastest growing, ever diminishing assets, with the opportunity of a successful tenant currently operating the business.

Contact Nick on 0419 252 177.

Chris Tinning & Company
117 Byrnes Road
North Wagga NSW 2650
Ph: +61 (02) 69 710032
Fax: +61 (02) 69 710032