17 Payne Street

Sandstone WA 6639

Looking for that elusive nugget? Then take the back breaking work out of it and secure for yourself this gorgeous, historic old building known as the National Hotel.Built in 1907, it has over a century of stories to tell. Are you ready to add the next chapter?Sandstone is a mecca for prospectors and fossickers with the town full up for over 6 months of the year.It also is fast becoming a major transport hub with its location being handy between Wiluna and Geraldton. Accommodation is in short supply and this property has the added bonus of 17 rooms via transportables as well as 5 rooms within the hotel itself.Along with the 17 rooms, there is also a 3 bedroom 1 bathroom home that was built in 2011 and is also rented out so the total income from accommodation is huge and provides for a steady ongoing income stream. The home offers generous living areas, verandas as well as a large below ground pool. It is fully air conditioned.Along with the hotel, bar, meals and takeaway liquor sale, the premises turns over well in excess of $1,000,000 per annum with great profit margins. The past financials are available upon singing a Deed of Confidentiality.The premises is located on a generous 30036sqm plot of land and is in the centre of town.There is a large 8.5m x 12.5m, high roof shed on the property that is ideal for storage and is easily accessible. The kitchen within the kitchen within the hotel is commercial quality and makes for fast service to large crowds. Many of the air conditioners within the premises have been upgraded and are near new.This is a fabulous opportunity to take over a successful, well established business and along with the security of being the only licensed facility in town.For further information, please contact me through the website.