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Pubs & Taverns

Royal Hotel Taree

202 Victoria Street, Taree, NSW

Pubs & Taverns

Royal Hotel Taree

202 Victoria Street, Taree, NSW

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Key investment considerations include:
 
  • Outstanding plug-and-play, gaming-centric operation:
    12 highly valuable, Band 3, Mid-Coast LGA Poker Machine Entitlements
    – #479 in most recent OLGR rankings.
    – Currently producing circa +$37,500* per week in net gaming revenue
    – Highest performing 12 Machine room in NSW
    – 3 am trading permitted on the licence
    – Brand new Aristocrat machines across the floor with TiTo and CRT
    – Very strong gaming LGA (excellent gaming demographics)
    – Band 3 zoning restrictive to new competition
  • Main street location with very high pedestrian traffic in the main commercial core
  • Large 1,638sqm* property holding with substantial underlying land value
  • Extensive beer garden with Manning River frontage
  • Scope to increase revenue with bar, food and short-stay accommodation (S.T.C.A.)
  • The hotel will be sold on a greater than 15% yield
*Approx.

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