HTL Property agents Ben Kennedy and Sam Handy under instructions from Andrew McEvoy & Ian Niccol of Aston Chace Group as Receivers & Managers, announce the successful sale of the historic Bushranger Hotel, Collector.
Specialty national brokerage firm HTL Property, under instructions from Andrew McEvoy & Ian Niccol of Aston Chace Group as Receivers & Managers, is delighted to announce the successful sale of the historic Bushranger Hotel, Collector.
The transaction was exclusively brokered via an extensive on market sales process by Ben Kennedy and Sam Handy of HTL Property. The Hotel, which was initially passed in on the day at Auction, was promptly exchanged hours later above the reserve price.
The heritage rich Hotel made famous from its association with Ben Hall (Infamous Bushranger) sits upon an expansive 4,390sqm* site; with 6 powered camping sites, ample parking and exceptional opportunity for a savvy publican/ developer to make use of the underutilized land holding (STCA).
“The deal highlights continued confidence in the regional entry level hotel market, with the incoming purchaser looking to revitalise and renovate the hotel whilst maintaining its charming country character” noted HTL Property’s, Ben Kennedy.
Collector is situated South-West of Sydney, being located ~20mins from Goulburn and ~40mins from Canberra. Due to Collector’s location being minutes to a major Highway, the town experiences large volumes of passing traffic; allowing an incoming purchaser to take advantage of the vast number of potential patrons, whilst also offering a short term accommodation solution.
“The Bushranger Hotel is an excellent opportunity for a visionary publican or developer to build a destination venue of that similar to the stupendously successful Sir George of Jugiong. The town of Collector is a tight nit community, which will undoubtedly support the pub moving forward and which is evidenced by the ~35 local residents who attended the auction in hope of meeting the new owner of their beloved local” offered HTL Property Director, Sam Handy.
The sale of The Bushranger Hotel marks a significant vote of confidence in the NSW Regional Market.
Underlining the fact that well located Hotels with strong real estate fundamentals continue to attract excellent interest in prosperous regions, and for regional pubs with immediate upside.