NSW HOTEL BROKERS

IMPRESSIVE FREEHOLD HOTEL FOR SALE

BY EXPRESSIONS OF INTEREST

APPROX. 695 sqm of PRIME CBD COMMERCIAL REAL ESTATE

Located in the well established regional centre of Parkes, which is home to a population of approx. 12,000, the prominent Royal Hotel occupies prime position on the main street in the CBD. The town is approx. 100 km west of Orange, 33 km from Forbes and 355 km west of Sydney.Agriculture is one of the primary industries in the Parkes region, particularly cropping, sheep and cattle farming. The area also features a copper and gold mine. North Parkes mine which is 27 km north west of the town.

The Hotel has undergone some significant refurbishment over the past 3 years, to the accommodation, bar and bistro. The Hotel also incorporates 4 retail leases within its ground floor footprint, which is a lucrative annual passive income from the 4 x 40 sqm shops.

The Hotel Features:

* Fully equipped open plan public bar

* Upgraded commercial kitchen incorporating a coffee servery

* Great Beer Garden Area

* 12 Fully refurbished accommodation rooms and guest Kitchen

* Large 3 Bedroom FSC Owner Residence and also a private office

This well presented Hotel property still presents a new owner with opportunity / upside in a very progressive regional town in the Central West.

Enquire now to avoid disappointment

Item added 4 April 2022

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