Winner of the Best Bush Pub 2018 and 2019 in the AHA NSW Awards for Excellence, the Armatree Hotel for sale as a freehold going concern by ResortBrokers NSW Central West specialist Chris Kelly.
Winner of the Best Bush Pub 2018 and 2019 in the AHA NSW Awards for Excellence, the Armatree Hotel for sale as a freehold going concern by ResortBrokers NSW Central West specialist Chris Kelly.
One of the most popular bush pubs in country New South Wales is set to change hands with the Armatree Hotel up for sale with a price tag of $1.2 million.
The hotel is being marketed for sale by ResortBrokers NSW Central West specialist Chris Kelly who says there’s already been strong enquiry levels for the business, especially from experienced operators and investors who are looking to get out of the capital cities as lockdowns continue to cause chaos in the hospitality industry.
“The Armatree Hotel is one of those classic pubs with accommodation which is something of a tourist destination in its own right and it’s also reaping the benefits of the surge in domestic and drive tourism,” Mr Kelly said.
“These properties that can provide a pub, a bistro/restaurant and somewhere to stay, all under the one roof, are high on the radar of domestic tourists because of border restrictions and overseas travel limitations,” he said.
“Experienced accommodation operators and the syndicates are well aware of this and they are actively looking for these types of regional assets. Hotels and motels, in particular, are high on their wish list.
“Even in this current pandemic affected environment, these are assets which can be income positive in the short term, while remaining solid cash flow businesses in the medium and long term.”
Armatree is a tiny township 38 kilometres north of Gilgandra on the Castlereagh Highway with the Armatree Hotel as its main focal point.
The hotel was built in 1929 and in 2007 the current vendors, Ash and Lib Walker bought the property and over the years, they’ve carried out extensive restoration work to keep the classic exterior and bring the interior up to a highly modern standard.
“We had a vision to bring the old hotel back to life and create a destination pub that not only specialises in traditional country hospitality but bring live music and comedy acts to the area in our back yard,” Ash Walker said.
“It’s been a great journey over the past 14 years or so and we’re really proud of what we’ve achieved but now it’s someone else’s turn to take over this iconic pub and make their mark on a piece of history,” he said.
The hotel has eight rooms of accommodation of various sizes for guests along with onsite powered and unpowered camping sites and a classic country bar and commercial kitchen.
“Although we’re getting enquiries from experienced operators, this would also suit someone who is new to the game or as an investment which is run under management or with the lease of the hotel sold off,” Mr Kelly said.
“The Armatree draws not only the vastly diverse local community but is a big draw card for guests from across Australia. In this current market the motel is being visited by people wanting that rural getaway.
“The entire hotel and motel has over the past few years had a complete facelift and this is a fully fledged commercial operation operating to a high standard.”
To request a copy of the Information Memorandum please contact one of the marketing agent Chris Kelly via the contact details below.