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Pubs & Taverns

The Royal Hotel, Canowindra

75 Gaskill Street, Canowindra, NSW

Pubs & Taverns

The Royal Hotel, Canowindra

75 Gaskill Street, Canowindra, NSW

SOLD

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Asking: $800,000

  • Regional heritage hotel situated upon an expansive 2,928 sqm* site with a large car park and scope for additional development (STCA)
  • Centrally located on the main street of Canowindra, gaining excellent foot traffic
  • Underutilized first floor accommodation pub style rooms plus 1 manager’s residence with immediate upside via renovation/ modernisation
  • Significant demand and instant uplift via increased trading hours and the addition of gaming machines
  • Home to Australia’s International Hot-Air Ballon Challenge
  • Original open fireplace, covered outdoor dining area and tranquil beer garden
  • Currently operating only 16 hours per week (Friday nights and Saturday)
  • Rich history, in 1863 Ben Hall (infamous bushranger) and his gang took over the hotel for 3 days
  • Significant scope to increase revenue through increased trading hours, addition of gaming machines, development, renovation, events, promotion and a more hands-on management approach

*Approx.

Agent Details

PUBS

Ben Kennedy

Hotel Investment Sales

HTL-Property-Xavier-Plunkett

Pubs

Xavier Plunkett

Investment Sales

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