The Ballina Hotel in the Northern Rivers region of NSW is on the market for the first time in nearly 20 years.

Whilst currently not trading given the departure of the tenant, the property holds a strategic position opposite the Ballina RSL within the CBD on a sizeable 2,023 square metre site.

At a glance: 

• The Ballina Hotel has been listed for sale by its long-term owners.
• CBRE NSW Director Ben McDonald and Associate Director Kate MacDonald have been appointed to market the property with CBRE regional development specialist Xavier Rahme.
• The hotel is being sold via an expressions of interest campaign closing 4pm on Thursday, 5th March 2020 (unless sold prior) with the licence and property to be sold either individually or in one line.

CBRE NSW Director Ben McDonald and Associate Director Kate MacDonald have been appointed to market the property with CBRE regional development specialist Xavier Rahme.

The sale also includes a 24-hour hotel licence with 16 poker machine entitlements and has close to $3m in s94 council contribution credits attached.

Ms MacDonald said the vendors, who have owned the NSW Northern Rivers hotel for more than 17 years, had chosen to divest at a time when stock levels remain tight and demand, especially through the NSW north coast, continued to trend upwards.

"The allure of Ballina as the gateway to Byron Bay, coupled with the commercial metrics of the opportunity are expected to drive wide ranging buyer interest,” she said.

“We see the hotel generating interest from traditional hoteliers, both local and interstate, as well as commercial property developers and investors keen to gain a foothold in what is one of the fastest growing regions in NSW.

“From a hotel point of view, we see a very unique opportunity for the right operator who has the creative vision to bring this hotel to life.”

The Ballina Hotel is being sold via expressions of interest closing 4pm on Thursday, 5th March 2020 (unless sold prior) with the licence and property to be sold either individually or in one line.

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