This is definitely one of the best Leasehold Hotel opportunities on the market for 2010. It’s perfectly suited to the cash up first time buyer or experienced operator to enjoy the huge trading upside that this recently refurbished premise has to offer. This large Hotel is located in a strong town, well positioned amongst high profile vineyards, coal mines and tourist attractions offering easy access to the major centres of Newcastle, Nelson Bay, Gosford and Sydney.

The modern Hotel refit features a new Dual Bar operation incorporating a separate wine and cocktail bar with new cool room and refrigeration. A new Glycol and POS system, new TAB and ATM, 3 Pokies, Keno, new furniture and state of the art audio and visual equipment throuought. It reveals a modern, fully equipped kitchen and brasserie seating 100, plus more in the new beer garden.

The upper level of the hotel has 16 fully refurbished accommodation rooms, new carpet, blinds and furniture, 5 bathrooms and 3 brm owner/managers residence with A/C and new kitchen. The Air/Cond, fire, electrical /lighting, plumbing and water systems have all been upgraded during the large scale improvements.

Currently trading at approx $22,500 pw, running under full management, the Hotel is consistently improving with the introduction of a new marketing plan including better food, entertainment, valuable sponsorships and in house promotions. It is expected that a good operator will continue to improve on this. There are leasing options available, with option to purchase the Freehold.

15 year lease

(EMAIL FOR MORE INFORMATION)
ASKING: $400,000 + Stock Negotiable