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Pubs & Taverns

Grand Hotel

251 Rusden Street Armidale , Armidale, NSW

Pubs & Taverns

Grand Hotel

251 Rusden Street Armidale , Armidale, NSW

Expression of Interest |
Closing: 9 December 2021, 4PM

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  • Hotel Features: public bar, bistro, gaming room, beer garden, car park with 22 car parks
  • Prominent brick building situated upon 1667m2* of prime land located on the corner of Rusden Street and Ohio Streets – with 56.1m* of street frontage
  • 5 x Band 2 Poker Machine Entitlement’s (in-situ value circa $2,000,000* within Armidale LGA, Band 2 premium)
  • Located 800m from Armidale CBD, 400m* from Armidale’s industrial district and 600m* from Armidale TAFE
  • Major regional centre with a population of circa 25,000*
  • Major employers in the region include the Armidale Hospital, University and TAFE, regional council, private and public schools, banking, and agriculture sectors.
  • Currently producing $109,200 * in annual rental revenue with increases to $151,800* by mid 2022
  • Underlying asset value circa +$3,000,000 ($2,000,000* in PME’s & $1,000,000+* in land value)

*Approx.

Closing

9 December, 2021 at 4PM

Agent Details

HTL-Property-Xavier-Plunkett

Pubs

Xavier Plunkett

Investment Sales

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