The Young Hotel offers an opportunity to acquire an iconic regional Hotel in a town rich in history and strong economic performance. Young Hotel for sale by Savills Nick Lower, Selin Ince and Tony Bargwanna.
The Young Hotel offers an opportunity to acquire an iconic regional Hotel in a town rich in history and strong economic performance. Young Hotel for sale by Savills Nick Lower, Selin Ince and Tony Bargwanna.
The town of Young population 11,672* is located 376 km* west from Sydney and only 157 km* from Canberra.
Nick Young, State Director - Hotels (NSW & VIC) Savills told WILLIAMS MEDIA, “Having had strong real estate capital gain of 11.53% for last year & 31.6% growth within a five-year period, Young is a town showing consistent growth.”
“Offering strong hotel trade the opportunity present numerous alternative income streams including retail and residential income,” said Mr Lower.
The Young Hotel is home to the only drive-through bottle shop in town and in its current form offers live music, a beer garden, multiple private function rooms, two (2) gaming entitlements and gaming room along with a private residence at one level one of the building.
At a glance:
The hotel is strategically located at the gateway of the city’s CBD and offers a significant landholding of 1,559sq m* which presents major refurbishment or development potential. (STCA)
To request a copy of the Information Memorandum please contact one of the marketing agents Savills Nick Lower, Selin Ince and Tony Bargwanna via the contact details below.