$499,900

25406 sqft

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 8 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. Building requires extensive renovations including replacing of roof, removal of mould...building/land priced accordingly. 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. (id:45344)

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    Business

    Business Type Accommodation
    Business Sub Type Hotel/motel

    Property Details

    MLS® Number E4372775
    Property Type Business
    Neigbourhood Swan Hills

    Building

    Constructed Date 1963
    Size Interior 25406 Sqft

    Land

    Acreage No
    Size Irregular 41382
    Size Total 41382 Sqft
    Size Total Text 41382 Sqft

    https://www.realtor.ca/real-estate/26502631/4932-plaza-av-swan-hills-swan-hills

    Brian Cyr
    Remax Elite
    BrianCyr StAlbert 1
    “Brian never pressured us in any way, making us feel comfortable in our dealings with him. We would highly recommend him as a professional realtor.”
    - Bill & Kathy Hill