Investment Hotel for Sale - Grand Hotel, Armidale

SOLD

- 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.


Expression of Interest campaign close Thursday 9th December 2021



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