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Press Release

Lightning Ridge Hotel Motel & Outback Resort

HTL Property is delighted to exclusively offer the Freehold Passive Interest in the Lightning Ridge Hotel Motel & Outback Resort.

The large format and diversified asset includes; 50 ensuited motel rooms, 10 cabins, 49 caravan spaces, swimming pool, amenities and a large freestanding drive through bottle shop.

The hotel also enjoys the luxury of being the only Pub and Hotel Liquor Licence in Lightning Ridge; as well as the only hotel gaming offering in the town.

“The value of the asset is supported by the very attractive passive rental income of circa $750,000 per annum, with a secure and stable tenant who has operated the asset for over 20 years” offered lead agent for the sale, HTL Property’s Xavier Plunkett.

“Further, the 14 highly valuable poker machine entitlements, the enormous 40,000* square metre land holding and the significant underlying value in the improvements further underwrites the value on a raw asset basis” Plunkett added.

“The trading profile of the hotel has benefited from the huge increase in domestic regional travel on the back of travel restrictions; as well as the strong local opal mining and agricultural sectors” commented co-agent for the sale, HTL’s James Carrick.

“The offering will appeal to a broad host of potential purchasers, and as such we expect interest from national caravan park investors, established publicans and hoteliers, and high net worth investors who will be attracted to the desirable passive return on offer” concluded Plunkett.

The Freehold Passive Interest in the Lightning Ridge Hotel Motel & Outback Resort is being offered by Private Treaty.

End.

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