Lease for Sale - $220,000
Rent: $58,200.00 per annum plus Opex
Lease Term: 6 years from October 2011
Renewals: Two(2) x Two(2) years each
Final Expiry: 2021
A great opportunity to purchase the lease and business assets of the Duke of Marlborough Tavern in Russell township Click Here to View Company Website
The historic town of Russell, "The Hell Hole of the Pacific", as it was once known as, is the jewel in the crown in the Bay of Islands. The Duke Tavern is located in the heart of the village and enjoys great local support and in holiday times, when the town is buzzing with tourists, the Duke Tavern capitalises on the huge numbers. It also is home to some of the Bay of Islands great events, including the Coastal Classic, Bay of Islands Country Rock and Jazz and Blues Festivals, the Birdman Festival and the Bay of Islands Walking Weekend.
The tavern enjoys its position as the only tavern in Russell and it's time for new owners to build on this already successful business and take it to the next level.
The Duke Tavern comprises main bar, stage area, takeaway food outlet that doubles as the tavern kitchen, gaming room with nine gaming machines and an outdoor grassed area that can be used for functions.
It is currently run under management but would make a great hands-on business for partners or a husband and wife team.
Be in quick to make the most of the Coastal Classic and summer cash flow opportunities.
Please contact the sales agents for more information.
Price $220,000