COMMERCIAL FOR SALE

The Imperial (44 Heber St)
*Established in 1929, the Imperial is arguably the most recognisable building in Moree, presenting old world charm at every turn. With considerable opportunity available in every department within the hotel, the undeniable strength of attributes will entice any astute operator.

*Located in the centre of Moree CBD the Imperial has 16 rooms consisting of double/single bed, wardrobe, vanity, air-conditioning and shared laundry & bathroom. All rooms have their own double doors onto a balcony. The rooms upstairs are rented out at $210 per week each.

*The downstairs area used to be a pub and still has the bar area, two cool rooms, a large commercial kitchen, a lot of storge space, both men's and women's toilets and back lane access. Would make for a great restaurant. The pub area is Currently vacant.

*Also down stairs is a 120m² shop space with street frontage and kitchenette currently tenanted till the 29/02/2024. At $1,646 per month.

*So with the rent from the shop and the upstairs rooms the yearly returns are $194,472 that's not including the pub.

*Total Strata levies for the Imperial are $21,681 per year.