Built with luxury in mind, The Ellen Hotel opened its doors in July 2016. "This practically brand new ultra-luxurious 19 room accommodation and restaurant is currently enjoying excellent occupancy and high tariffs," says brokering agent Kelli Crouch.

"A rare opportunity to purchase a newly built freehold going concern, with less than two years’ of trading and yet to reach its full potential," contines Crouch.

"The property was built by experienced developers only 21 months ago and run by first-time family operators. From their trading figures, you will see they have identified a gap in the market for high-end accommodation. Having not even completed two years of trading, the last six months far exceeding the six months before. The current vendors are only selling due to personal circumstances, therefore, selling it before this incredible property has reached its full potential."

"Located in the heart of Port Pirie CBD means restaurants, bars, cafes and shopping are just a short stroll away from the Ellen Hotel. Experienced operators will quickly identify that operational costs are higher than industry averages, this business is perfect for a couple to run or equally suited for an investor to run under management."

"A hidden gem with nothing like it in the town or the region this property deservedly receives excellent ratings on Trip Adviser and enjoys much repeat business particularly from the corporate and government sectors. This means weekday occupancies are high however there is an opportunity for an incoming purchaser to further drive the weekend business."

"The Ellen has 19 well-appointed luxury rooms including two luxe suites that boast king size beds, a rejuvenating steam shower with seating and access to the adjoining internal courtyard lounge. All rooms feature flat screen smart TVs, Foxtel, high-speed wireless internet access, writing desk, bar fridge, and minibar."

"The well-regarded restaurant which seats 40 pax and is licensed for 70, is currently trading seven days per week for breakfast, six days per week Monday-Saturday for dinner, and Wednesday-Saturday for lunch. Whilst current vendors have been utilising the function/meeting room space there is some further potential to increase income from the promotion of this part of the hotel."

"A $20 million sports precinct redevelopment in Port Pirie will see a vibrant sporting hub due for completion at the end of 2018. In time to host the 2019 State Masters Games and the 2019 Country Swimming championships, which will be sure to bring many athletes and visitors to the region. This coupled with recently announced projects for the Upper Spencer Gulf region will be fantastic for the area."

Click here to view the web listing on the Resort Brokers Australia website.

For further information phone or email brokering agent Kelli Crouch via the below contact details.

See also:

IHG announces Crowne Plaza for Adelaide’s tallest building in 2020

Six-star Riverbank hotel proposed for Adelaide

Adelaide Convention Centre $397 million redevelopment complete