Railway Hotel Armidale For Sale by HTL Property

HTL Property Agents, Xavier Plunkett, Ben Kennedy, and Andrew Jolliffe, are pleased to present to the market the Freehold Going Concern Interest in the Railway Hotel, Armidale.

This expansive, full-format hotel features a public bar, sports bar with TAB, gaming room containing 13 x very valuable Band 2 Poker Machine Entitlements, a fully equipped commercial kitchen, a large bistro with seating for over 100 patrons; and a drive-through bottle shop. The property operates under a highly sought-after late-trading 3am licence.

The hotel, a striking two-storey structure in the late Victorian style and complemented by a modern extension, occupies a substantial 3,819sqm* site. The property offers parking facilities for over 60 vehicles and includes an additional 800sqm of surplus land; which enjoys DA Approval for the development of a 16-room motel, with approval granted by Armidale Council in 2021.

“The well-rounded business generates approximately $80,000 in weekly revenues across its gaming, bar, bistro, and bottle shop revenue streams. There exists substantial potential for further revenue growth with a more hands-on management approach” believes HTL Property’s Xavier Plunkett.

“Strong underlying revenue performance, an extensive landholding, and diversified income streams are some of the most attractive qualities for seasoned hoteliers. The Railway Hotel exemplifies these attributes, offering a ‘plug-and-play’ asset coupled with considerable potential for immediate upside” advised Plunkett.

“The New England is currently one of the most sought-after regional markets for hoteliers; and with a recent shortage of high-quality assets available in the broader regional market, we anticipate significant interest in this property,” concluded HTL Property’s, Ben Kennedy.

HTL Property has transacted over $250 million in hospitality assets within the New England Region, and holds a 90% market share in the area.

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