JLL Hotels & Hospitality Group in conjunction with Knight Frank, offer the Freehold Going Concern interest in the New Ivanhoe Hotel Blackheath for sale. Following numerous unsolicited offers, long-term owner Kerrie Ray has exclusively appointed JLL Vice President Kate MacDonald and Knight Frank Director Mike Wheatley to manage the Expressions of Interest campaign.
JLL Hotels & Hospitality Group in conjunction with Knight Frank, is delighted to offer for sale the Freehold Going Concern interest in New Ivanhoe Hotel, Blackheath.
Following numerous unsolicited offers, long-term owner Kerrie Ray has exclusively appointed JLL Vice President Kate MacDonald and Knight Frank Director Mike Wheatley to manage the Expressions of Interest campaign.
The hotel is situated on a ~1,500 sqm high-exposure corner lot along the Great Western Highway in the popular Blue Mountains, and includes a 3am trading approval, 8 gaming machines, 14 very nicely presented accommodation rooms (3 with ensuites) and a 3-bedroom manager’s residence. The small drive-thru bottle shop at the hotel has enjoyed consistent trade as the only drive-thru in Blackheath and one of only two bottle shops within a 10km radius.
Situated only 90 minutes west of Sydney, Blackheath will commence upgrades to the village centre in the coming year helping revitalize the doorstep to this 1930’s old world pub. The suburb of Blackheath, with a population of 4,500 people, swells over the weekends and holiday periods with adventure seeking tourists, and day-trippers looking to enjoy the local markets, art galleries and antique stores.
JLL selling agent Kate MacDonald notes “New Ivanhoe Hotel offers an incoming purchaser an incredible foundation to build upon, established over 47 years by the Ray family. There is genuine upside to be realised in all areas of the hotel through renovation and repositioning of the offering.” Kate continued “We expect the competition for this rare opportunity will be fierce.”
The New Ivanhoe Hotel is being offered for sale via an expressions of interest campaign closing at 4pm, Thursday 14th April.
To request a copy of the Information Memorandum please contact one of the marketing agents JLL Vice President Kate MacDonald and Knight Frank Director Mike Wheatley via the contact details below.