Barmera Lake Resort Motel
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Business Description
The Barmera Lake Resort is situated in the Riverland town of Barmera some 220 kilometres north-east of Adelaide. The motel faces the freshwater Lake Bonney with its sandy beaches and jetty. It is ideal for sailing and popular with holiday makers and locals. The Riverland is Australia’s largest wine producing region, growing over half of South Australia’s wine grapes. Most major Australian wine companies source a significant amount of bulk wine from the Riverland. The Riverland is also a significant almond and stone fruit growing region.
At a glance:
- 31 well appointed rooms
- Pool
- Tennis court
- Games room
- Conference facilities
- Restaurant/bar - currently not utilised
- 2 Bedroom managers residence
- New 20 year lease
- Good profits
- Same owner for 15 years
Lease Summary
| New Rent | $90,000 per annum |
|---|---|
| Lease Term | 5 years |
| Lease Commencement | Settlement date |
| Right of Renewal | 3 x 5 years |
| Adjustments | Annual rent reviews of 4% with a market review every renewal period |
It is envisaged that a new lease will be offered to the purchaser on these terms.