Hotel/Leisure
retail
ID 90963UpdatedSaleGollan Hotel
73 Keen Street
Lismore, New South Wales, 2480
Please contact us for price
- Size1,037 SQM
Greg Jeloudev
Agent details
Edward Browne
Agent details
Mark Walsh
Vice President
Agent details
- Description
- Building Information
- Location
- Agents
Description
High Yielding Investment Hotel
JLL Hotels & Hospitality Group presents to market a 17% passive investment hotel – the historic Gollan Hotel in Lismore
The opportunity presents a high yielding commercial investment with further rental upside comprising of underutilised ground floor & first floor areas. Underpinning the asset are 29 accommodation rooms which are occupied on a registered commercial lease to Northern Co-Operative Meat company.
Investment highlights include:
• $561,906* annual net rental income
• Huge 17% initial yield
• Fully leased potential net income of $632,106*
• Recently refurbished 29 first &second floor accommodation rooms
• 7 ground floor retail tenancies
• Untapped rental potential with vacant ground and first floor areas
• Excellent positioning in the heart of Lismore
• Historic relevance with Queen Elizabeth ll having stayed at the hotel
*Approx. as of January 2025
For Sale via private treaty, $3,500,000 - negotiable. Available for immediate purchase.
To own an historic NSW asset or to arrange an inspection, please contact the exclusively appointed JLL agents.
JLL Hotels & Hospitality Group presents to market a 17% passive investment hotel – the historic Gollan Hotel in Lismore
The opportunity presents a high yielding commercial investment with further rental upside comprising of underutilised ground floor & first floor areas. Underpinning the asset are 29 accommodation rooms which are occupied on a registered commercial lease to Northern Co-Operative Meat company.
Investment highlights include:
• $561,906* annual net rental income
• Huge 17% initial yield
• Fully leased potential net income of $632,106*
• Recently refurbished 29 first &second floor accommodation rooms
• 7 ground floor retail tenancies
• Untapped rental potential with vacant ground and first floor areas
• Excellent positioning in the heart of Lismore
• Historic relevance with Queen Elizabeth ll having stayed at the hotel
*Approx. as of January 2025
For Sale via private treaty, $3,500,000 - negotiable. Available for immediate purchase.
To own an historic NSW asset or to arrange an inspection, please contact the exclusively appointed JLL agents.
Location
Agents
Greg Jeloudev
Agent details
Edward Browne
Agent details
Mark Walsh
Vice President
Agent details