1 Nicholson Street, Bairnsdale

1m² Floor Area
Price Undisclosed
Sold on 6th May 2016
Property Type: Hotel/Leisure


Originally built in 1884 The Riversleigh in one of East Gippsland's iconic properties that is full of elegance from the Victorian era.
The Riversleigh is an accommodation freehold that comprises 20 recently refurbished rooms, function room, commercial kitchen, bar area together with a sitting room overlooking the beautiful gardens that surround the building.
The Riversleigh is being offered for sale as an investment freehold with the following lease in place:
- Initial term of 5 years which commenced on 4th November 2013
- Rental of $143,000 per annum plus GST as at 4th November 2015
- Annual CPI rental reviews with market rent reviews at the commencement of each further term
- 4 x further terms of 5 years each

Note: Business is not for sale