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Armatree, New South Wales

Freehold Or Leasehold Restored (Heart of The Community) 1920's Hotel- Armatree, NSW

Price on Application
Listing ID: 1107

BUSINESS DESCRIPTION

Offering a choice of freehold or leasehold, and showing a 23% return on investment, this busy and beautifully restored 1920's hotel is definitely worth an inspection.
Boasting impressive reviews, huge patronage from the local community as well as the expanding RV market!

Turnover $570,000 (excl. GST) with an adjusted net operating profit of $170,000 pa
Restored two-storey hotel, 3km off Castlereagh Highway
100km from Dubbo
Excellent local and passing trade
Renovated bar area plus brand new, undercover beer garden with a capacity of 120 people
8 clean guest rooms - sleeps up to 20
Certified RV Friendly Destination
DA Approval (CMCA) for a caravan park area
Manicured, low maintenance lawn area for families and functions
Increasing popular venue for weddings, celebrations, Christmas parties and corporate events
Many forward and repeat bookings in place, plus annual events
Package includes a one-bedroom residence
Huge 15m x 18m colour bond shed with solar that feeds back to the hotel. Can be used for storage, workshop or rent out
Definite potential to expand by introducing counter meals - hotel already sells 80 home-made pizzas weekly
Best presented country hotel in NSW!

This great investment package has so much going for it, including the potential to expand and add new services. All the hard work has been done, with renovations completed and DA Approval in place for the caravan aprk.
The Armatree Hotel is located in Armatree, Central Western NSW, a region surrounded by stunning countryside and bathed in rich history.
You have two options here.

Price on Application

BUSINESS FEATURES


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Armatree, New South Wales