Royal Hotel, Armidale

• Stunning 2-storey Art-Deco brick building, positioned in the commercial core of Armidale.
• Latent upside in all revenue departments. Currently performing well despite moderate hardware and completely unrenovated gaming room.
• Asset includes public bar, sports bar, TAB, gaming room, 18 accommodation rooms, 3-bedroom managers flat, freestanding bottle shop, 30 on-grade carparks.
• 16 highly valuable, Band 2, Armidale LGA Poker Machine Entitlement’s. Further opportunity to acquire more PMEs given Band 2 zoning and surplus PMEs in the Armidale Dumaresq.
• Very favorable 3am trading permitted on licence.
• 1,836sqm* of strategically located CBD commercial property with over 86m of street frontage across Beardy and Marsh Streets.
• Large regional center with strong and diverse employment opportunities.
• Significant education base, both multiple state and exclusive schools plus highly regarded University of New England.
• Major employers in the region include the Armidale Hospital, University of New England, TAFE, regional council, banking and agriculture.

*Approx.