73 Keen Street Lismore NSW 2480

JLL Hotels & Hospitality Group offers for sale the freehold interest in the historic Gollan Hotel in Lismore NSW. The hotel is underpinned by anchor tenant Northern Co-Operative Meat Co who occupy all 29 accommodation rooms. There remains substantial upside to be realised by the reactivation of the former public bar area and dormant first floor function area.

The Gollan Hotel is a truly historic Lismore building with Queen Elizabeth II having stayed there in 1954. The hotel has recently undergone substantial renovation with the first and second floor accommodation rooms completely restored.

Investment considerations include:
- 1,037sqm landholding with E2 Commercial Centre Zoning, 20.5m height restriction and 3.25:1 FSR
- Total net income approximately $505,150 per annum with fully leased building to be circa $681,905
- 6 total tenancies with further upside to be realised by letting vacant space

*Approx.