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Motel Leasehold In Tenterfield For Sale

Tenterfield, New South Wales
Freehold Price:
$2,100,000 (AUD)
Lease Asking Price:
$350,000 (AUD)
Sales Revenue:
Not applicable
Cash Flow:
Not applicable

Royal hotel motel Tenterfield
Leasehold "RENTAL ONLY" Option also available.
Please note that the property is currently closed after we completed extensive renovations to bring the 30 rooms up to a 4.5 star standard.
An attractive rent free period will be negotiated with the new tenant

Hotel - motel For Sale
Be your own boss. Suit First Timers, or Experienced Operators.

• Substantial hotel complex inclusive of 18 hotel rooms and 12 room motel component which have been completely refurbished to a 4 star standard.
• Bistro
• Restaurant
• Drive By Bottle Shop
• Large Beer Garden
• Two Freestanding dwellings at rear of Hotel complex. Both Refurbished.
• Heritage significant hotel which although is not listed as a specific heritage item under the Tenterfield LEP, is located within a heritage conservation area.

Positive Attributes

• Established Hotel-Motel with local client base.
• Well located fringe central business district property with ease of access.
• Excellent ground floor presentation.
• Diversity of income streams through bar, accommodation, bottle shop and food.
• Large balance land component. – Possible Caravan Facility or additional motel rooms
• Ability to increase trade under proactive management
• Renting 2nd Residence
• After an extensive refurbishment program, the Property is now ready to reopen.

Ground Floor Hotel

The hotel is a substantial building which is of single bar operation with the main bar comprising the central eastern area of the building. The public bar has been refurbished with a rustic theme including timber and corrugated iron panelling along with timber pole uprights and mahogany benchtops. The facility is well fitted out with combustion heater and is also air-conditioned.

Adjoining to the east of the main bar is the bottle shop which contains access to the eastern side of the building. Adjoining to the north of the public bar is the back office with concrete floor and keg rooms and cold rooms along with a storage room.

The bar includes a glycol system in place servicing two main uprights serving Great Northern Original. Great Northern Super Crisp, XXXX Gold, Tooheys New, Tooheys Old, Victoria Bitter, Coopers Pale Ale, Coopers Light, The main bar also incorporates a post mix machine, a glass washer and central wall mounted fridges.

Further to the North West is the bistro dining area similar to the main or public bar.

Further west is the Restaurant which has a seating capacity of up to approximately 60 patrons and includes feature timber panelling, combustion heater and leadlight windows typical of the vintage of the hotel. A large store room is situated to the north east of the dining room with cupboards, shelving and vinyl flooring.

Adjoining the Restaurant is a commercial kitchen which was replaced in 2014

Adjoining the Store Room is a large beer garden with attached amenities (male and female). The beer garden has been renovated with concrete flooring and is all weather and undercover.

First Floor Hotel

The first floor of the hotel comprises 18 accommodation rooms varying in double, twin and single bed configuration, along with full timber stairwell leading from the main entry. The first floor also includes a substantial balcony centrally located along the southern side with a number of rooms having French door access to such balcony.

Amenities to the first floor include 2 male bathrooms along with a female bathroom and guest kitchen. The hotel rooms have all been refurbished to a 4 star standard. All rooms include as a minimum, Flat screen TV, Desk, 2 Chairs, Ceiling Fan & hand basin.

Motel Accommodation

The motel component is situated along the eastern boundary of the property, forming an ‘L’ shape design, with a carport at the front of each room.

Each room has been refurbished to a 4 star standard and includes a mixture of Queen and king single beds, with each room including a cupboard, bedside table, flat screen TV, tea and coffee facilities, bar fridge, desk and 2 chairs. Some with lounges. Each room contains a bathroom with shower recess, Mirror, hand basin, water closet and ceramic tile wall & flooring.

If interested please contact the seller through the form on this page.

Property information

Real Estate:

Available as lease or with real property included

Other Information

Lease asking price:
$350,000 (AUD)

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