Freehold Generational Opportunity - First Time Offered in 19 Years
Adelaide River Inn & Resort is situated within the Township of Adelaide River (112km/70mi) south of Darwin & (201km/127mi) north of Katherine on the Stuart Hwy, Northern Territory, Australia, with prime frontage of 140m to Stuart Highway.
Ranked in the Top 5 Puma Service Stations in the NT, 150,000 litres per month – based on the past 6 months activity.
Gross annual income (2020/21) of over $9,000,000 across the family owned and ran businesses.
Value add opportunity to further enhance all three businesses, with room for additional accommodation, expansion for the Puma Service Station and store and room to expand the 303 Bar and Bistro.
Land 22,090m2 across 3 titles. One title makes up the island bordering Stuart Highway, Memorial Terrace, Dogherty and Hopewell Street. The second and third titles on the corner of Hopewell Street and Becker Street with cabins, hotel rooms, manager’s residence and previous café/restaurant (not currently in use).
Resort includes 43 hotel rooms ranging from budget rooms, motel rooms and self-contained cabins, Caravan Park includes 23 powered sites, unpowered sites, laundry facilities, amenities blocks, staff and managers accommodation and swimming pool.
Wayside Inn Liquor Licence on the island site
Adelaide River Inn is rich in Australian and cinematic history, as the go-to point for WW2 ANZACs and Charlie the Buffalo sitting at the end of the 303 bar from the movie Crocodile Dundee.
For Sale by Expressions of Interest - Closing Monday 23rd August 2021 at 4.00pm(CST)
Please contact Daniel Harris for a copy of the Information Memorandam or any further information - 0430 350 631.
Inspections Strictly By Appointment
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