Manenti Quinlan & Associates, in conjunction with Moore and Moore Real Estate, are proud to present to market the Lessor's Interest of the Federal Hotel in Quirindi.
Key features of the hotel are:
- Well-presented Hotel in vibrant regional town
- Impressive two-storey building on a substantial 1,193sqm block (approx.)
- Features Main Bar, Bistro, Commercial Kitchen, Function Room, Beer Garden, 10 Accommodation Rooms and 2-bedroom Manager's Residence
- Drive-through bottleshop
- Current hotel rental $71,490 + GST p.a.
- 4 x valuable gaming machine entitlements (GMEs) in total
- 2 of the GMEs leased to another hotel venue until Sept-23 (current rental $42,436 + GST p.a.)
- 2 of the GMEs under lease with the hotel, however lessee has formally agreed to release the GMEs (if required by the Lessor) for an amended annual hotel rental of $57,200 + GST allowing the purchaser to deal with the 4 x GMEs independently from the hotel lease
For Sale by Expression of Interest
closing 4:00pm on Thursday 3 August 2023
Inspection Strictly by Appointment
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