Old Belalie Hotel in Country SA Up for Grabs Mid Reno – RealCommerity.com.au

This is no more than a shell of your previous self. But this emblematic side of Country has many buyers who want to take advantage of their endless potential – along with crazy low mortgage repayments of only $ 336 a week.

Jamestown’s property in the Middle North region, known as the Old Bellali Hotel, has returned to the market with a $ 275,000 price guide – plus GST – less than two years after the sale of an investor based in Queensland.

This means that buyers can click the property at 36 to 40 Ayr ST for only $ 336 per week based on a deposit of 20 % and 6.44 % interest rate.

Selling agent James Wardell of Wardle Co. Real Estate said the pub was stripped of its bone, offering a blank canvas to buyers.

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The old Bellali Hotel is sitting at the corner of 36-40 Ayr St, Jamestown.

The property is average appliance.

The restaurant is indicated for sale with price hopes of $ 275,000, plus GST.

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“Investor bought it and plans to update and update it, but in the end there was a change in direction, a change of heart and wanted to invest elsewhere,” he said.

“The original buyer (in 2022) seeks to open a wine bar and whiskey bar, something a little different from the beer pour pub … And we already get some interest from buyers who want to do something like that or variation on your standard State PUB.

“Some buyers also look at the accommodation above to take advantage of the tourism factor of the pub.

“You can also have a large dining area below. There is a lot of potential here. “

D -Wardle said interest in the buyer mostly comes from local buyers with an official offer that is already on the table.

All rooms are gutted and ready for Renault’s more work.

The original front strip.

The locals are willing to see the old pub they reinforced.

“It is in one of the most famous places in the city and everyone would like to see something made by it,” he said.

“It needs a little love, but it has a range to make a lot with this place.”

The two -storey stone building has 10 rooms with ownership regulations, two of which are double and four are single rooms with shared amenities.

The bigger part of the water pipelines has already been renewed and all electricity has been diverted to a central panel.

A new balustrade for the entire length of the balcony, which costs $ 25,000, will also be included in the sale, but the new owners will have to install it.