A Slice of Canowindra Pub History Hits the Market

Specialty national brokerage firm HTL Property is delighted to offer to market the Freehold Going Concern Interest in The Royal Hotel, Canowindra. HTL Property Associate Agent Ben Kennedy and Director Xavier Plunkett have been engaged to manage the sale.

The classic NSW Central West venue sits upon a large 2,928sqm* site with a multitude of parking and exceptional development upside levers (STCA). The hotel features an expansive first floor terrace with excellent streetscape views, public bar, bistro, commercial kitchen, indoor/outdoor dining areas, tranquil beer garden, 10 underutilised accommodation rooms; plus a manager’s residence.

Home to Australia’s International Hot-Air Balloon challenge, Canowindra experiences an influx of visitors, global balloon enthusiasts and surrounding community members to its streets every year. Being, Australia’s largest hot-air balloon festival, it attracts in excess of 5,000 people annually; appropriately affording Canowindra the “Balloon Capital of Australia” title. This global event has earned the town multiple NSW Tourism awards since 2016.

“As the Hotel is only open for an average of 16 hours per week, the incoming purchaser can have real confidence that following minor alterations such as increased trading hours, addition of gaming machines and modernization of the accommodation offering; the business will enjoy significant uplift across all facets and meet the demand required by the residents, contract workers and tourists” offered HTL’s Ben Kennedy.

“We expect strong interest from both new entrants as well as established syndicates, due to highly favourable economic and lifestyle drivers presented by the asset” added HTL Property Director, Xavier Plunkett.

Canowindra is situated in close proximity to the Central West’s major towns and agricultural precincts, being located less than a 45 min drive from Cowra, Forbes, Parkes and Orange. Canowindra receives large volumes of blue-collar contract workers and residents; all of whom regularly require both short and long-term accommodation. Blue-collar workers historically provide exceptional demand for quality food, beverage, accommodation and entertainment venues.

The Royal Hotel is offered for sale via an Expression of Interest sale process concluding 3pm Thursday 28 September 2023 (unless sold prior).

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*Approx.