Imperial Hotel

• Large brick building with a 2,063sqm* strategically located CBD corner allotment in the very epicentre of Inverell’s commercial core. Over 46m* of street frontage across both Byron and Otho Streets.
• The asset includes: public bar, dining room, commercial kitchen, TAB, gaming room, 23 accommodation rooms, with late trading permitted on licence.
• Latent upside in all revenue departments. Currently generating circa $1,000,000* per annum in gaming revenue despite unrenovated gaming room. Bistro currently closed.
• 10 highly valuable, Band 3, Inverell LGA Poker Machine Entitlement’s.
• Very favourable trading terms due to the limited local pub competition. Only 2 hotels with gaming in a town of 14,000* people.
• Large regional centre with strong and diverse employment opportunities. Major employers in the region include the Bindaree Beef Abattoir and Boss Engineering.
• 35%* of the population work in labouring, trade or operating machinery, giving Inverell a strong blue collar employment base, typically translating to a higher pub spend per capita.
• Strong underlying residual property value.

*approx.