JLL Hotels & Hospitality Group is thrilled to offer for sale the freehold going concern interest in the Centennial Hotel in Gulgong NSW.
Affectionately known as 'The Cenny', the hotel presents as an excellent entry-level hotel asset comprising of gaming, accommodation and food and beverage revenue streams.
The business boasts sound trade and includes the following investment attributes:
Average weekly sales exceeding $53,000 ex. GST comprising of diversified income
6 high performing gaming machine entitlements (GMEs)
Newly approved gaming machine threshold increase for an additional 2 GMEs
DA approval for expansion of existing gaming lounge
7 ensuited motel-style accommodation rooms and separate manager's residence
Excellent 1,345sqm landholding
Brand new cool room positioned adjacent to kitchen
Expansive on-site car park
For Sale via Expressions of Interest closing Wednesday 18th of October at 12pm midday (if not sold prior).