Upside You Can Take to The Bank

HTL Property is pleased to announce the sale process for the Bank Hotel in East Maitland, which is being sold via an on market expression of interest campaign closing 31 May 2023 at 12pm.

The sale is being exclusively managed by HTL Property Director Blake Edwards and National Director Daniel Dragicevich on behalf of valued client Nic Quinn.

“The vendor, who has been an active purchaser over the past few years, is divesting some of its smaller assets in order to free up management capacity for several of their new acquisitions” commented HTL Property National Director, Daniel Dragicevich.

The freehold going concern hotel is located in the strongest regional gaming LGA in the state of NSW, in close proximity to several of the top performing regional venues in the state; including the George Tavern and the Windsor Castle Hotel – both of which featured prominenlty in the latest Top 200 rankings.

The hotel’s metrics are so complelling, with 29 gaming entitlements, over 40 onsite car parks, a 1.30am licence Thursday to Saturday; and a DA for a full refurbishment of the gaming room and other parts of the ground floor. In addition to being the largest inland city in NSW and home to over 90,000 residents, Maitland is also the second fastest growing regional LGA in terms of population growth.

“This is a suburban gaming pub in a superstar LGA with tangible upside leavers, which are some of the most motivating factors for pub buyers and so naturally we are confident the opportunity to acquire such an asset will be well received” concluded HTL Property Director, Blake Edwards.

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