Clare Central Motel

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Business Description

The Clare Central Motel is situated in the beautiful Clare Valley some 100 kilometres north of Adelaide. Clare is well known for its popular wineries and fine dining restaurants. The motel is situated at the northern side of Clare in walking distance to the town centre. The Clare Central Motel consists of 30 recently renovated spacious rooms. 

 

At a glance:

  • 30 recently renovated rooms featuring
    • 3 Spa rooms
    • 2 Family rooms
    • 2 Family rooms with kitchenettes
    • 10 standard rooms
    • 13 Deluxe King rooms
  • Restaurant seating for 50, open Monday to Thursday 6pm to 8pm
  • Fully equipped commercial kitchen
  • Inground pool
  • BBQ area
  • Residence 4 bedroom unit with ensuite, lounge, kitchen and double garage
  • Strong profits
  • Long lease
David Hutchinson 0414 440 953

 

 

 

 


Extended Price Information

Goodwill including Plant & Equipment $1,300,000
Stock at valuation (approx) $15,000
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Leasehold $1,315,000


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Lease Summary

Current Rent $20,725 per month
Lease Term 15 years
Lease Commencement 12/07/2004
Lease Expiration 11/07/2019
Right of Renewal 5 x 5 years
Outgoings Paid by tenant
Adjustments CPI annually and to market at renewal periods

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