Commercial Hotel - $700000

Description

This is a unique opportunity to secure this Tenterfield landmark brick building which was fully rebuilt in the late 1930's in classic art deco style. Centrally located on the New England Highway and right in the centre of Tenterfield's bustling business district, this is the well-known Commercial Hotel. A traditional Australian country hotel with extensive main bar area, The grand foyer leads up the ornate staircase to the 11 guest rooms and spacious residence with private balcony overlooking the CBD. On the ground floor is the bar, lounge, fully-equipped kitchen and dining room. Design features include 3 large open fireplaces, extensive use of local hardwood flooring, high ceilings, wrought iron and pressed metal features. The level 4806m corner allotment also features seven lock up a\garages and would also be ideal for redevelopment if desired (subject to Planning approval) If ever you've thought about owning or investing in a hotel, now is an excellent opportunity! This deal includes a freehold two storey brick building, all furniture, plant & equipment and liquor license - $650,000