4932 Plaza Av, Swan Hills, Alberta T0G 2C0

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:27476)

The Swan Hills Hotel is currently equipped with 8 VLT's, a liquor store, and 18 rooms on the upper level. In addition to these amenities, there is also a restaurant, lounge, and an extra 3692 sq ft area available for lease. The current owner is only operating the hotel's bar area and the liquor store, while the lounge, restaurant, and remaining space have been vacant for over 8 years. The 18 rooms were also stopped from being rented out 2 years ago.

Previously, when the entire 25,460 sq ft building was operational, it generated a gross income of over $1.5 million. The bar and liquor store are currently profitable, with the bar featuring 8 VLT's, seating for over 160 people, pool tables, a dart area, and a band area. The building sits on almost an acre of land (.95 acres) but will require extensive renovations, including a portion of the roof and interior upgrades. There is also a need for the removal of mold, and the building/land is priced accordingly.

The seller is open to carrying a 1st mortgage for a qualified buyer, with a 30%-35% down payment, a 5-year term, and 5% interest amortized over 20 years. This property is for sale and has a land size of 41382 sqft. It is located at 4932 Plaza AV in the city of Swan Hills, Alberta, with a postal code of T0G2C0.