Description
Swan Hills Hotel ( with 8 VLT's); Liquor Store; 18 Rooms on Upper Level; Restaurant; Lounge and additional 3692 sq ft area to lease out. Seller is currently only operating the Hotel (Bar Area) and the liquor Store. The lounge; Restaurant; and remaining space have been vacant for over 6 years. The Seller stopped renting out the 18 rooms 2 years ago. Previous operation of the entire 25,460 sq.ft building the gross income was over $1.5 Million Bar and Liquor Store are profitable. Bar has 8 VLT's; seats over 160 people; Pool tables; Dart area; band area. The building occupies almost an acre of land (.95 acres) but will require extensive renovations for a portion of the roof, and interior upgrades. contracts out the food intake from another restaurant due to their restaurant being closed for many years. Currently a diamond in the rough.... The Seller is willing to carry a 1st mortgage (to qualified Buyer) with 30%-35% down payment; 5 year Term; at 5% interest amortized over 20 years.
-
0BEDS
-
N/AACRES
-
0BATHS
-
01/2 BATHS
-
25,406SQFT
-
$24$/SQFT
Description
Swan Hills Hotel ( with 8 VLT's); Liquor Store; 18 Rooms on Upper Level; Restaurant; Lounge and additional 3692 sq ft area to lease out. Seller is currently only operating the Hotel (Bar Area) and the liquor Store. The lounge; Restaurant; and remaining space have been vacant for over 6 years. The Seller stopped renting out the 18 rooms 2 years ago. Previous operation of the entire 25,460 sq.ft building the gross income was over $1.5 Million Bar and Liquor Store are profitable. Bar has 8 VLT's; seats over 160 people; Pool tables; Dart area; band area. The building occupies almost an acre of land (.95 acres) but will require extensive renovations for a portion of the roof, and interior upgrades. contracts out the food intake from another restaurant due to their restaurant being closed for many years. Currently a diamond in the rough.... The Seller is willing to carry a 1st mortgage (to qualified Buyer) with 30%-35% down payment; 5 year Term; at 5% interest amortized over 20 years.
© 2023 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®). Data last updated: 2023-11-29T20:36:17.243 UTC.
Mortgage Calculator is provided by BoomTown.