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Royal Hotel, 88 Wynyard Street, Tumut, NSW 2720

Royal Hotel, 88 Wynyard Street, Tumut, NSW 2720

Hotel/Leisure

  • For Sale
  • Contact Agent
  • For Sale

  • Floor Area
  • 3,250 m²
  • Last Updated
  • Sep 21, 2019

Additional Details


Interested in this property? Contact an Agent today

HTL Property - Sydney

Level 3, 319 George Street

Sydney NSW 2000

Xavier Plunkett
Blake Edwards

FOR SALE: Top #600 OLGR Gaming Venue in Expanding Regional Centre

PROPERTY FEATURES

- Highly profitable venue, producing $2,850,000* in annual revenue, run under management.
- Currently showing circa $800,000* after vendor provided add-backs.
- Enormous $4-5 billion* infrastructure and development pipeline for the immediate region. Expected 7-10 year* ‘super-profits’ period with Snowy 2.0.
- Full-format hotel features: Pubic bar, bistro, commercial kitchen, gaming room with 13 PME’s, 12 pub rooms, 11 freestanding motel rooms, manager’s residence.
- Expansive 3,250sqm* main street allotment with rear car parking and dual street access.
- Large well-compensated, blue-collar worker base with major employers; Snowy Hydro, Visy Pulp and Paper Mill, AKD Sawmill.
- Consistent gaming performer: (#611 – OLGR Rankings Dec Quarter 2018), (#620 – 2-year average) circa $17,000* a week in gaming revenue in proven gaming town.
- Upside in gaming, accommodation and local economic and demographic drivers.
FOR SALE BY PRIVATE TREATY

* Approx.

Royal Hotel, 88 Wynyard Street, Tumut, NSW 2720

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