Iconic Goldfields Hotel- Freehold or New Lease

Our Ref: 24720

$2,950,000 Negotiable

Amazing opportunity to purchase the freehold and/0r leasehold of an iconic and very profitable hotel located in the goldfields of WA on a Walk In Walk Out basis. Alternatively, a new 20 year lease is available.

Features include:

Consistent turnover in excess $4M per annum
Almost all revenue derived from strong and profitable bar and bistro trade
Profit run under management circa $750K p.a (Freehold Owner)
Modern, contemporary and fully refurbished venue comprising:
- 3 bar areas
- Recently completed café with separate entrance to main street
- Impressive lounge bar/bistro
- Modern alfresco beer garden
- Fully equipped quality commercial kitchen

The owners have alternative business plans and are relocating to run the new venture.

For more information please fill out the enquiry section. No information other than the above will be disclosed until a Non-Disclosure Agreement has been executed.

Keywords: accommodation, freehold, Hotel Tavern Pub, leasehold with long lease, WIWO

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Business Agent

Name:Lance White

Office:(08) 9480 3200

Mobile:0413 734 177

Fax:(08) 9480 3277

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AGREEMENT TO KEEP INFORMATION PROVIDED BY ASCEND CONFIDENTIAL

WHEREBY IT IS AGREED

The Vendor and the Broker are disclosing to the Prospective Purchaser (or to their advisor) confidential information including the identity of the business.

The enquiring party (“the RECIPIENT”) , in consideration of ASCEND disclosing to the RECIPIENT relevant information and financial details relating to a certain business or businesses belonging to a third party (“the OWNER”) in recognition of the proprietary nature of that information and those details, the RECIPIENT hereby agrees:
1. That everything which ASCEND and/or the OWNER discloses, and which is properly capable of being regarded as the proprietary information of ASCEND and/or the OWNER, regardless of the form of disclosure, will be treated in confidence by the RECIPIENT, its partners and/or its employees, and any associated or proprietary companies, and will not be used by the RECIPIENT, its partners and/or its employees or other associated proprietary companies for any purpose other than:-
  1. conducting an evaluation and determining the RECIPIENT’S interest in entering into an agreement exclusively through ASCEND to purchase the whole or portion of the Business; and
  2. such other purposes as may be contained in any formal written agreement that may be entered into between the RECIPIENT and ASCEND or the OWNER.
2. That all confidential information provided to the RECIPIENT is given to ASCEND by the OWNER or created from that information and passed on in good faith. ASCEND cannot guarantee its accuracy. Neither ASCEND nor the OWNER is responsible for any inaccurate or incorrect information provided to the RECIPIENT and the RECIPIENT has been advised and agrees that it is necessary to independently verify the information before relying on it for any purpose.
3. That disclosures of all information and details shall be limited to only those professional advisers or partners of the RECIPIENT who are reasonably required to be in possession of said information and details.
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