Leasehold Hotel for Sale - Grand Hotel, Armidale

SOLD

New 10 Year Lease!

The Hotel is a sturdy double brick building located a Northern Tablelands Regional City.

The Hotel is located outside the City’s CBD and is the City's only suburban Hotel, and closest Hotel to the University Campus.

It is a single bar operation and offers a range of services to meet the needs of local and visiting patrons from a refreshing beverage, a hearty meal, gaming machines, accommodation and off street parking.

The main features of the Hotel are as follows:
- Weekly sales approximately $25,000 (ex. GST) FY2019
- High visual corner site with captive local audience
- Closest hotel to local University Campus
- Consists of Public Bar, Lounge Bar, Bistro, Gaming Lounge (5 GMEs), Beer Garden with - - Outdoor Deck and Kids Playground
- New 6x6m smoker-friendly air-conditioned Gaming Room (currently under construction) with 6 gaming machines
- 5 Letting Rooms (not utilised) plus fully self-contained 2 bedroom Manager’s Flat
- Lock up Garage on-site and storage area for private use
- Great classic features including 2 fire places
- Recently refurbished and painted
- Modern kitchen with well-maintained cooking equipment
- Solar electricity
- Family atmosphere perfect for mum and dad operation or someone looking for a tree change
- Rent can be staggered until normal trading resumes

A DIVERSE MIX OF TRADE COMBINED WITH A NEATLY MAINTAINED PREMISES IN A PRIME SUBURBAN LOCATION IN A MAJOR REGIONAL CITY - THIS HOTEL IS A RARE FIND!



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