You'd be crazy to miss this great investment.
The eccentrically named Lunatic Hotel presents an opportunity not to be
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
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
The Lunatic Hotel is currently leased until April 2024 at approx.
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.