73 Keen Street Lismore NSW 2480

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:

$547,250* annual net rental income
Huge 17% initial yield
Fully leased net income of $617,450*
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.

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.