Blue Mountains Hotel For Sale by HTL Property

HTL Property is pleased to announce the upcoming sale process for the Grand View Hotel in Wentworth Falls.

Together with Sino Smart Business Broking’s Barton Cha, HTL Property’s Blake Edwards and Xavier Plunkett are managing the sale on behalf of the vendor.

The asset is a freehold going concern hotel comprising a bar, bistro, gaming room with 9 GMEs, beer garden, function space, detached bottle shop and 19 accommodation rooms of which 8 are en-suited. Positioned on an enormous 4,074m2* block, the site enjoys excellent ingress for patrons and ample off street car parking.

“The value proposition regarding this asset is simple, over an acre of land with high exposure, spacious trading footprint, a late licence and one of the least concentrated suburbs in the state on a GMEs per capita basis. There exists latent demand all around, just waiting to be capitalised on by a prudent operator” advised HTL Property Director, Blake Edwards.

Licenced until 2am Monday to Saturday, the Wentworth Falls SA is a Band 1 (Green) SA2, which makes the purchase of additional GMEs possible, subject to approval from Liquor and Gaming.

Purchased by motelier Jenny Wang in 2018, our client has made extensive refurbishments to the accommodation and the building during her period of ownership; and operates the venue remotely from her Sydney headquarters.

“There is 1 GME for every 94* residents across NSW, but only 1 GME for every 714* residents in the Wentworth Falls SA2. We believe this low per capita gaming machine ratio represents latent gaming upside that can be unlocked with improvements to the gaming offering at the pub” Edwards continued.

The hotel is being sold via an on market Expression of Interest campaign closing 21 March 2024, if not sold prior.

*Approx.