172 Port Road HINDMARSH SA 5007
CONTACT AGENT - Offers presented!

DESCRIPTION

RE RELEASED DUE TO CONTRACT FAILURE...

Nick Psarros and Penny Papazis from Ray White Port Adelaide are privileged to bring this outstanding business and development opportunity to the market. Established and built in 1840, The Land of Promise Hotel on Port Road in Hindmarsh is being offered for Show Addressle. A myriad of options here to the next owner of this successful 2 storey business on 2500m2 (approx.) of prime land in a bustling location.

Situated on a high exposure road only minutes from the Adelaide CBD and a short walk from the Adelaide Entertainment Centre, Bonython Park, Coopers Stadium and several other attractions, this is the ultimate freehold opportunity. Zoned Suburban Activity Centre allows for the building to be increased to 3 stories and with the generous onsite carpark allotment at the rear of the property, which gives direct access to Orsmond Street, this offers fantastic major site development and flexibility to build on the current establishment (subject to Planning Consent). The options are truly endless!

Major features of this hotel include:
*Prime positioning with front (licenced) driveway access via Port Road and rear access via Orsmond Street
*Car parking at the rear for 50 x vehicles
*Rear courtyard with 2 undercover decked gazebos, water features, lighting and 2 x large water tanks
*Entertainment bar with large stage and rear courtyard access
*ATM, bingo machines, 8 ball tables, pinball and arcade games
*Front sports bar with TAB, 6 x pokie machines, several TV's, large projector screen and secure front outside patio area
*2-year-old commercial kitchen with stainless steel appliances, oven, fridges, 3 x cool rooms and walk-in pantry
*Secure storage shed
*Quality red gum, blue gum and jarrah wood bars
*Baltic pine floorboards and top quality axminster carpet
*Distressed brick walls
*Several offices
*Commercial grade solar panels - 30kw (approx.)

Top floor features include:
*6 bedrooms - ceiling fan, fireplace and air-conditioning
*3 Terazzo bathrooms, 3 toilets, 3 showers, 1 bathtub
*Timber staircase
*Leadlight windows
*Baltic pine floorboards
*High ceilings
*High skirtings

All plant and equipment available upon negotiation.

Specifications:
CT / 5135/98 & 5137/967
Council / Charles Sturt
Zoning / Show AddressC - Suburban Activity Centre
Built / 1840
Land / 2518m2 approx.
Council Rates / $pa
Show Address Water / $1,933pa
ES Levy / $pa
Land Tax / $21,140pa

Business developers and hotel investors looking for an outstanding opportunity? Look no further! Contact Nick Psarros on Reveal Phone or Penny Papazis on 0405 382 460 to express your interest.

Hindmarsh is an inner suburb of Adelaide, South Australia. It is located in the City of Charles Sturt. The suburb is located between South Road to the west and North Adelaide. The River Torrens forms its southern boundary and the Grange and Outer Harbour railway line forms the northeast. There are many cafes and restaurants along Port Road and elsewhere in the suburb, as well as the Gaganis Bros wholeShow Addressler. Port Road is the main arterial road connecting the suburb to the Adelaide city centre, while South Road forms its western boundary. Hindmarsh is serviced by public transport run by the Adelaide Metro: The Grange and Outer Harbour railway line passes beside the suburb. The closest station is Bowden. Adelaide Metro operates a tram service to the Entertainment Centre, which is free from anywhere in the city centre. The suburb is serviced by several bus routes.

Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement.
Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.