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Royal Hotel Exceptional Freehold Hotel In Armidale For Sale

Armidale, New South Wales
Asking Price:
On request
Sales Revenue:
$4,128,280 (AUD)
Cash Flow:
Available on request

The Royal Hotel is a sturdy double storey building located on the corner of Beardy and Marsh Streets providing good exposure to passing traffic and allows easy access to pedestrians visiting the retail precinct and other facilities located in the CBD of Armidale.

The Hotel offers a range of services to meet the needs of both local and visiting patrons; from a cold drink, a hearty meal, gaming machines, drive-thru/walk-in bottle shop, accommodation and off-street parking.

Armidale is a bustling educational and cultural Regional City in the New England area of New South Wales. Armidale is home to the oldest Regional University; the University of New England (UNE). With over 22,000 domestic students enrolled in the University during the 2017 calender year, it is easy to see the major impact the University has on creating a fantastic business opportunity in Armidale.

A diverse mix of trade combined with prime location in a major centre in a bustling New England Regional City, the hotel is a rare find. Don’t miss this opportunity!

The Freehold Vacant Possession of the Royal Hotel, Armidale is For Sale by Expression of Interest, closing on Wednesday 13th March 2019 at 12 noon.

The main features of the hotel are as follows:

Average Weekly Sales $79,390 (ex. GST)
10 Poker Machines (6 Indoor & 4 Outdoor)
TAB and Keno
Single Bar Operation Servicing Patrons
Classy Bistro Area With Bar & Commercial Kitchen
Drive-Thru Bottle Shop
Function and Conference Area
18 Letting Rooms (3 With Ensuites)
4 Bedroom Fully Self-Contained Residence With 2 Living Areas
Off-Street Parking With 23 Spaces

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