Pubs & Taverns
136 Wollombi Road, Cessnock, NSW
Expression of Interest
Australia Hotel
HTL Property is delighted to offer for sale the freehold going concern interest in the Australia Hotel, Cessnock.
Key investment considerations include:
- Suburban freehold going concern hotel with strong potential gaming upside
- Situated on a 1,672sqm* corner block with good street frontage and 20* off-street car parks
- Spacious main bar area with TAB and Keno
- Brand new purpose-built alfresco gaming room (completed early Nov-18) with 14 PME’s and SIA to increase to 20 PME’s
- Average weekly gaming revenue $24,040* inc GST post gaming room renovation (1st Nov 18 – 28th Feb 19)
- Gaming revenue of $1,717* inc GST per machine/per week post gaming room renovation (1st Nov 18 – 28th Feb 19)
- Located 2 hours* drive to the CBD and 55 minutes* to Newcastle
- The venue enjoys large exclusive catchment of potential customers with low competition from other hotels
For Sale by Expression Of Interest closing Thursday 4th April 2019 at 4pm
Building Area
land Area
