JLL Hotels & Hospitality Group is delighted to exclusively offer for sale the freehold going concern interest in Tattersalls Hotel, Casino NSW.

Tattersalls Hotel offers an incoming operator a significant opportunity to invest in the strongest performing hotel within the Richmond Valley Council. Strategically positioned in a Band 3 red zone, the hotel is future-proofed from further gaming competition whilst enjoying the largest GME count in the region.

The hotel has an enviable mix of revenue streams comprising of gaming, food and beverage, accommodation and take away sales. 22 gaming machine entitlements underpin the opportunity which reside in a newly constructed gaming lounge, which is yet to reach maturity. The hotel comprises of a total of 20 accommodation rooms, 6 of which have been recently renovated and have been warmly received by the public. Ample off-street parking via a large public carpark completes the offering enabling patrons a convenient solution to access the pub. Furthermore, the venue is positioned on a 1,944sqm site in the retail heart of Casino and boasts favourable planning regulations with B3 Commercial Core zoning and a 14m height restriction.

Tattersalls Hotel is currently owned by Kelly & Co Hotels who have significantly increased trade since acquiring the pub in 2021, including the addition of a further 10 gaming entitlements. The group has exclusively appointed JLL Hotels Vice President Greg Jeloudev and Senior Vice President Kate MacDonald to spearhead the Expressions of Interest campaign.

Mr Jeloudev notes, “Rarely do such well-rounded assets come to market in the tightly held Northern NSW region. We are expecting interest to derive from proximal hoteliers and regional portfolio owners who are seeking to acquire quality hospitality assets underpinned by strong business fundamentals.”

There remains substantial upside for potential suitors which includes the potential to refurbish the remaining trading space to be in line with the recent gaming lounge renovation. There is also scope to create further accommodation on the first floor by reconfiguring excess common space as well as modernising the beer garden.

Situated on the banks of the Richmond River, Casino is located 60km west of Byron Bay and 90km southwest of the Gold Coast. The township is a thriving centre for the region and is the predominant economic hub of the Richmond Valley. Casino is affectionately known as the Beef Capital of Australia and has complimentary industries such as timber production and manufacturing.

The Tattersalls Hotel is offered for sale via Expressions of Interest, closing Wednesday 8th of March 2023 (unless sold prior).