Home   »   Sales    »    Recently Sold    »    Freehold Investment Opportunity

Registration of Interest

Freehold Investment Opportunity

Strategically located on the main road in Historic Central Goolwa, this renown property is currently leased to "Rankines @ the Whistlestop Café, Bar & Restaurant".

Comprising a site area of some 470m² with 3 street frontages, the improvements have been home to one of the South Coast's most popular and reliable restaurants for over 20 years. The restaurant was partly re-built Circa 2003 and comprises some 157m² including porch and sheltered front verandah alfresco dining area and includes air-conditioning, ceiling fans, combustion heater, security system, outdoor dining areas, toilet facilities and grease trap.

A detached 1 to 2 bedroom 'Bed & Breakfast' building of some 137m² provides tourist accommodation options and overlooks the wharf reserve and lower Murray River. The quaint building has frontage to Admiral Terrace and offers the lessee additional income as a one-bedroom self-contained apartment. The remaining rooms are utilised as an office and general storage. The versatile building was used as a residence for a previous lessee and is a versatile option for a future owner/occupier.

Both the restaurant building, and accommodation/residence comprise of rendered brick exterior with galvanized iron roof, and internal cathedral ceilings with exposed timber joinery and are separated by a paved courtyard.
The attractive monthly rental of $5,220.93 plus GST, plus outgoings for council rates, insurance, all services and the Emergency Services Levy offer a sound return for investors.

The lease on this established well positioned commercial property situated in the State Heritage zone of Goolwa Township expires on 30th November 2027 and has 1 right of renewal allowing a variety of future options.

Contact Agent for details and to arrange an inspection by appointment
Philip Dodd: 0409 094 202
Email: enquiries@doddandpage.com.au
www.doddandpage.com.au