JLL Hotels & Hospitality Group offer for sale the freehold going concern interest in the Royal Hotel, Taree.
Strategically positioned in the centre of Taree, the Royal Hotel enjoys a diversified business offering, presenting a great opportunity for a prospective purchaser to build on a successful hospitality business.
The hotel is underpinned by solid food, beverage, and accommodation departments, currently generating approximately $30,000 per week in sales. The property yields 12 accommodation rooms, public bar, large commercial kitchen, and several dining areas. A recent refurbishment has provided both a premium street facing exterior, and an impressive internal layout flowing through to a beer garden with water views of the Manning River.
“This property represents an exceptional opportunity for investors seeking a sound entry level hotel. Strong performance in food, beverage, and accommodation departments, offers an ideal platform for an incoming operator to further enhance the venue’s offering via a hands-on approach. Furthermore, its positioning in the centre of town provides an irreplaceable backdrop to the Manning River.” comments Selling Agent, Edward Browne.
Taree is a town on the Mid North Coast, New South Wales, Australia, and is 16 kilometres from the Tasman Sea coast, 317 kilometres North of Sydney. A historic town on the banks of the beautiful Manning River, Taree is the vibrant centre of the Manning Valley and is the major service town for the region. The principal city of the Manning River district, Taree is a 3-hour 45-minute drive North of Sydney, with coach services operating from Sydney and Newcastle, as well as trains from Sydney via Newcastle. Fly Pelican currently operates direct flights between Sydney and Taree twice a week. As of the 2021 census, Taree was home to 18,110 people.
The freehold going concern interest in Royal Hotel, Taree is being offered for sale via Expressions of Interest closing Thursday, 6th July 2023 at 2.00pm (if not sold prior). To receive a copy of the information memorandum, contract of sale, or to arrange an inspection, all interested parties are to contact the exclusively appointed agents.
Sign up here to receive PubCon newsletters and breaking news sent straight to your inbox.
Click here to view more Pubs and Taverns recently listed for sale or sold
