HTL Property announce the Sale of the Freehold Going Concern Interest in Narrabri’s Namoi Hotel for $8.5 million.

The off-market deal was exclusively negotiated by expert agents Blake Edwards and Xavier Plunkett of national brokerage firm HTL Property.

HTL enjoyed exclusive engagement by Tim Ireson and Ben Cochrane in order to divest the asset directly following a sequence of major transactions in the wider New England Region; where HTL Property has now sold in excess of $140m worth of hotel assets.

The Hotel highlights include a public bar, bistro, commercial kitchen, drive-through bottle shop, large 2,893m2* land holding, gaming room with 9 Band 2 Poker Machine Entitlements; and a 24 hour licence producing circa $5,000,000 in annual revenues.

HTL Property, the exclusive agents for the sale, noted that the deal highlights the resilience of the regional pub market.

"This sale reinforces to us that yields on regional freehold going concern hotels remains robust, and the acute supply shortage of quality stock is continuing well into 2023" commented HTL Director Blake Edwards.

To request a sales analysis please contact the selling agent via the below contact details.

Click here to view more Pubs, Hotels and Taverns recently listed for sale and sold