Xavier Plunkett from HTL Property have listed for sale the Freehold Passive Interest in the Wicklow Hotel, and attached commercial properties, via an Expression of Interest sale process concluding 4pm Tuesday 28 February 2023.

The imposing hospitality asset is currently generating circa $350,000 per annum in passive rental, spread across 6 high-quality and diversified tenancies. The Large brick building promotes a 1,870sqm* strategically located CBD corner allotment; with in excess of 90m of street frontage across Dumaresq and Marsh Street.

The pub itself features a public bar, commercial kitchen, bistro, multiple bars and function spaces, beer garden and rooftop bar, gaming room with 15 highly valuable Armidale LGA Poker Machine Entitlements.

The Freehold asset Vendor is former commodities trader Wal Broun, who has owned the property for 10 years.

Armidale is a large regional centre with strong employment, a strong agricultural sector, a significant education base; as well as multiple state and independent schools, plus the highly regarded University of New England.

“The Hotel and commercial properties are being offered as a Freehold Passive Investment, though the opportunity exists for an owner operator to also acquire the business interest in the Hotel from the current tenant, and then trade it as a Freehold Going Concern” added Plunkett - who is also appointed to sell the Leasehold Interest in the Hotel.

The landmark Armidale asset is expected to appeal to owner operators, private investors chasing passive income and capital appreciation; and established hoteliers looking to secure future poker machine entitlement supply coupled with a meaningful holding income.

The Wicklow Hotel comes to market on the back of an unprecedented run of New England Region pub sales, with HTL Property transacting on over $120 million worth of pub assets in the region in the past 2 years.

The Wicklow Hotel is being exclusively sold by leading agency HTL Property via Expression of Interest, closing Tuesday 28 February 2023 at 4pm; unless sold prior.

To request a copy of the Information Memorandum please contact the marketing agent Xavier Plunkett from HTL Property via the contact details below.

Click here to view more articles of New South Wales Pubs and Taverns recently listed for sale and sold.