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98 Keen St, Lismore

Expressions of Interest over $3m

1 m2

Completely renovated and refurbished hotel in the heart of a very diverse and dynamic Far North Coast CBD.

Hotel Metropole presents the following compelling investment fundamentals:

• Substantial 2- level CBD freehold building with two street frontages and huge rear car parking (may suit drive thru bottleshop STCA)

• Exceptional craftsmanship and planning went into the repurposing of this building. From drab, dark and poorly planned 'nightclub' interior to a light, bright welcoming space as per its original intention. This Hotel has been restored to an on-trend version of its original self. Licensed and operating in Lismore since 1957

• Provides an investor, developer or value- add

specialist with diverse cash flows, potential further income streams (EGM's*) and the opportunity to capitalise on the rejuvenation arguably of Lismore's dynamic CBD precinct

*Currently a Band 3 LGA, a reclassification may follow after the relocation of 38+ entitlements in the last 2 years.

•Completely renovated and refurbished hotel in the heart of the very diverse and dynamic Lismore City CBD

• 3am liquor licence - seldom traded past 12:00 Midnight

• Take away sales (under-utilised)

• Surrounded by numerous retail, professional and specialty stores and businesses -

• Compact layout with efficient single bar servicing entire ground floor - Temporarily approved rooftop beer garden and bar expected to be fully approved within weeks. Literal blue sky for functions, events and revenue growth.

• Huge patron catchment and passing foot traffic situated in the heart of a reinvigorated CBD with new businesses opening weekly.

1 m2

Details

Address 98 Keen St, Lismore
Price Expressions of Interest over $3m
Property Type Commercial
Property ID 16
Category Hotel/Leisure
Land Area 1 m2

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We had a 2 year old offer on our Business in the Mountains that another agency couldn't get off the ground. We listed with Steve and had a great result within 6 months. We have now purchased & sold...

R & E (Snowy Mountains NSW)

Hi, my wife and I started Investing in the Caravan Park/MHE industry several years ago. We had purchased through Scott previously and when he presented a mid north coast option, we jumped at it. A difficult...

Dr. Matt (Investor)

Steve Pursell listed our Hotel and, in conjunction with a broker from another company, put a great deal on the table. Too good to say no to. We thank both Brokers for their hard work & determinati...

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We had our Park listed with Multiple Agents and Brokers in the true sense of a 'scatter gun approach'. The business sat on the market for a very long time until we signed with Independent Hospitality Brokers....

Heath & Kim (Tourist Park Owners)

Thank you Steve for going above and beyond with your assistance for my situation at the Hotel. Couldn't have done it without you and I couldn't be happier with the end result! Good luck with this new...

Ian (Publican NSW)

We've owned Motels for 26 years & engaged various brokers. Dealing with Scott Taylor has been a highlight. His authentic & genuine approach to client relationships is superb! We continue to be...

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