Feilding - Ripe for development or investment

Description

Situated in a prime location on the edge of Manchester Square's central Feilding CBD, the iconic Feilding hotel offers an opportunity for future development of the 3117m2 (more or less) site. With three separate secure tenancies providing a holding income of $125,000 pa nett, allowing new owners the option to retain an attractive passive income with the opportunity to develop the site later. The hotel sits on the corner of Kimbolton Road and Manchester Square, with an entrance from Bowen Street, there are two separate buildings, including 20 carparks. The main Feilding hotel building built in early 1900s includes two bars and TAB, function rooms and accommodation upstairs. A smaller addition is leased as a barber shop. Entrances from Bowen Street and Manchester Square are ideal for the rear building leased to Liquorland, this building includes an upstairs function room. The site offers huge potential for commercial investors and developers. In this thriving town, this site is a rare find for size and location. CV $1,600,000.