This is one of the most prominent properties in Newcastle as it used to be the site of the old residence for the Magistrate in Newcastle years ago.The Cannon runs a well known restaurant with conference facilities as well as provide accommodation to guests with22 well appointed rooms. All the rooms are equipped with air conditioners and the current occupancy rate runs at 60%. The new owner will be given the option to renew the liquor license as the business does not currently sell liquor. Full financials are available for qualified buyers. Contact me now for a viewing!!!!
Property FeaturesBuilding Name: The cannon, Number of Floors: 2
Purchase PriceR 12 645 000
Type of PropertyBusiness
Last Updated27 Sep 2021
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