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JLL is pleased to present the freehold of the ‘Old Bushman Hotel’, 10 Cowan Street, Gawler For Sale by Expression of Interest.
Dominating Cowan Street, the hotel comprises a beautiful two storey building with large bitumen sealed car park situated on a corner site of some 1,946* sqm.
Enjoying access from Cowan Street and Light Square, the property is superbly located in easy walking distance of Gawler’s main street, the Woolworths’ shopping centre, and nearby Coles anchored Gawler Central Shopping Centre.
Securely leased to a long-term tenant the lease has recently been renewed for a further 4 years commencing July 2022 with an additional 4-year option.
We highlight the key property features below:
· 4 + 4 year lease from July 2022
· Current net income of $118,610* pa
· Corner site of 1,946sqm*
· 16 gaming machine entitlements
· Adjoining new medical centre under construction
This is a unique opportunity for investors seeking the security of a relatively long-term net lease near the Barossa Valley and Adelaide CBD via the new Northern Expressway.
The property is offered For Sale by Expression of Interest closing Thursday 16 June 2022 at 4pm.
For more information or to arrange an inspection, please contact exclusive selling agent JLL.