JLL Hotel and Hospitality group are thrilled to offer the Freehold Going Concern interest in the Criterion Hotel Gundagai for sale via Vice President Kate MacDonald and Executive Greg Jeloudev.  

The local favourite is a consistent trader with circa $55,000 per week proportionately derived from food and beverage, gaming, accommodation and a strong performing drive-thru bottle shop (the only one in town). The striking brick building is situated on an expansive 2,500m²* corner block and enjoys a prominent position within the center of town, with no immediate capital to be spent.  

Underpinning the real estate offering are 10 gaming machine entitlements and a valuable 3am hoteliers licence.  With limited local competition, the Criterion is one of only two hotels with gaming and the only pub to offer TAB facilities.  There is immediate upside to be obtained through the huge licensed area, extending to the periphery of the property’s border, as well as potential to build on the accommodation offering (already 14 rooms) by unlocking dormant space within the hotel.

Situated halfway between Melbourne and Sydney, Gundagai is an iconic town rich with Australian history.  Known for its camp drafting and rodeo events, Gundagai is poised to benefit from the Snowy 2.0 scheme and continuation of strong mining and agricultural industries.

Selling agent Greg Jeloudev notes “the Criterion Hotel offers an incoming purchaser a fantastic business foundation to build upon, established over 20 years by the Hindmarsh family.  There is upside to be realised in multiple areas, including increasing the use of the existing rear lawn to create a beer garden or funky event space.”

The Criterion Hotel is being offered for sale via an expressions of interest campaign closing at 4pm, Wednesday 5th May (unless sold prior).  

To request a copy of the Information Memorandum please email either of the JLL marketing agents via the contact form below.