Award-winning pub for sale in the booming Central West Parkes NSW JLL
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Award-winning pub for sale in the booming Central West Parkes NSW JLL
Kate MacDonald of JLL Hotels & Hospitality Group, in conjunction with Moore & Moore Real Estate, are excited to present to market the Railway Hotel Parkes for sale via a formal Expressions of Interest Campaign.
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JLLThe Railway Hotel For Sale Parkes NSW JLL Moore and Moore
Kate MacDonald of JLL Hotels & Hospitality Group, in conjunction with Moore & Moore Real Estate, are excited to present to market the Railway Hotel Parkes for sale via a formal Expressions of Interest Campaign.
Railway Hotel Hart Bar. Source: JLL
Currently experiencing unprecedented investment by all three levels of government, Parkes is strategically located within a 5-hour drive of Sydney and 3 hours of Canberra, and is situated along the major inland touring route and logistics corridor of Australia, the Newell Highway.
The 15,000 strong population of Parkes Shire Council is expected to double over the next 10 years.
Railway Hotel Hart Bar. Source: JLL
The sale includes:
- Freehold going concern hotel
- Sitting on over 2,000sqm of land
- 24-hour licence,
- 6 valuable PMEs,
- Public bar, TAB, bistro, two commercial kitchens
- First floor fully renovated bar & event space ‘Hart Bar’,
- A comfortable 3-bedroom manager’s residence.
Railway Hotel Front Bar. Source: JLL
The family-owned hotel provides an incoming operator with a strong local business already generating over $50,000 in revenue per week. Further improvements to be made in the gaming offering and overall management controls will ensure continued growth in net profit.
JLL Hotels & Hospitality Vice President Kate MacDonald expects the interest levels to be high.
Railway Hotel TAB. Source: JLL
“This is an ideal turn-key opportunity for a new entrant to the market, or as a bolt-on acquisition for an established group to capitalise on economies of scale. Very rarely does a hotel of this quality, in this price bracket, in a major regional town, become available. The hard work involved in building a strong brand has already been done, however there are simple quick wins obtainable for growth.”
For more information contact Kate McDonald of JLL Hotels & Hospitality via the contact form below.
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