OFF MARKET

21 Antares Street
Southern Cross WA 6426

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1012m2
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Property Details for 21 Antares St, Southern Cross

Building Type
Commercial
Year Built
1892
Land Size
1012m2
Local Government
Yilgarn
Lot/Plan
40/P223122

Last Listing description (December 2012)

Hospitality -Iconic Pub - 64% Business ROI - Life Style Business & Property
The Club Hotel ??? Southern Cross - Unique Business and Lifestyle Opportunity
Take this rare opportunity to buy one of WA???s Iconic Country Pubs with +110 years of History. With an already, substantial, established customer base, this business is screaming out for further growth for enterprising owner operator(s)

** Fully Documented Operating Policies and Procedures with Electronic Order and Stock Take Systems allow for easy hand over.
** Located in the expanding town of Southern Cross, members of the staff form part of this welcoming, tight knit community
** Live the lifestyle only country Australia can provide. Price includes significant land & buildings component.
FINANCIAL SUMMARY:
>>> Sales :$1,275,903
>>> Adjusted Net Profit : $153,480
>>> Stock ~$40,000
>>> Business Price : $200,000 plus stock $40,000
>>> Land and Buildings :$500,000 with additional 6.5% $32,500 Return on Investment
>>> TOTAL PRICE :$700,000 Plus SAV
Here is your opportunity to live in one of WA???s historical, rural townships and to own the iconic Club Hotel. Southern Cross benefits from the unique co-existence of mining and agriculture. Each industry compliments each other through boom and bust cycles, Offering continuous opportunity to businesses in the area. With the expansion of local regional facilities including the Esperence Port Development in the Yilgarn Shire, - The Club Hotel in Southern Cross - a Great regional Icon could be yours!
Industry leaders know that Great Hotels don???t come up for sale often. Especially not ones like local landmark Hotels, that have classic 2-storey federation style and has been trading since circa 1892. The Club Hotel -Southern Cross , exhibits beautiful architectural origins with recent refurbishment, the business and property offered includes:
** Well presented 2 storey hotel plus function venue plus leased shop (3 titles)
** Public bar (recently painted) with three cool rooms
** Licensed Pub & TAB
** Restaurant and large commercial kitchen with separate cool room
** Function room
** Large licensed beer garden and BBQ area
** Laundry
** 13 pub style accommodation rooms
** Self contained Managers accommodation
** Wireless Internet services including Owner remote access to Management and Security Systems
** Thriving town and locality
** Freehold Land (+2400sqm) across 3 titles & Business
The business's turnover includes on Liquor and Bar Sales, restaurant with strong local following, takeaway sales and offsite catering providing a higher than average GP%. Accommodation is frequently let to a steady stream of workers on temporary assignment to the region for mining contract work, seasonal farming, road construction, rail support services and water pipeline works.
The interested buyers will see that the business is multifaceted and offers a quality lifestyle within a friendly rural community.
Due to family commitments in Perth, the current owners have minimal dealings in the day to day running of the business. Policies and procedures (including remote internet access), along with a current staff that live in the township of Southern Cross, have set solid foundations for future owners who wish to take on a more ???hands-on??? approach to this unique lifestyle opportunity. Located only 4 hours from Perth, this business screams out to potential owners who seek the benefits of a strong, tight knit community to live in and the opportunity to grow profits in an already established and respected Southern Cross institution.
A rental charge of $32,500 has been deducted from the Business Profits of $153,480 ??? that???s an additional return on your investment of 6.5% and lifts overall cash-flow return to $185,980.
Buyers have already expressed their interest and this rare business will not be on market for long. If you are looking for a great return on your business investment in a short space of time and a lifestyle that only rural Australia can offer, please register your interest on this business emailing me at (mark@pbsbusiness.com.au).

Property History for 21 Antares St, Southern Cross, WA 6426

A timeline of how this property has performed in the market
Last Sold
$420,000
30 Jul 2020
  • 30 Jul 2020
    Sold for $420,000
  • 04 Apr 2012
    Listed for Sale 700000 PLUS SAVING
  • 19 May 2008
    Sold for $480,000
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