Skip to main content

Leisure & Entertainment business for sale in Armidale

  • Leisure & Entertainment
  • 251 Rusden Street Armidale NSW 2350
  • Contact Agent

Investment Hotel for Sale - Grand Hotel, Armidale

- Hotel Features: public bar, bistro, gaming room, beer garden, car park with 22 car parks
- Prominent brick building situated upon 1667m2* of prime land located on the corner of Rusden Street and Ohio Streets - with 56.1m* of street frontage
- 5 x Band 2 Poker Machine Entitlement's (in-situ value circa $2,000,000* within Armidale LGA, Band 2 premium)
- Located 800m from Armidale CBD, 400m* from Armidale's industrial district and 600m* from Armidale TAFE
- Major regional centre with a population of circa 25,000*
- Major employers in the region include the Armidale Hospital, University and TAFE, regional council, private and public schools, banking, and agriculture sectors.
- Currently producing $109,200 * in annual rental revenue with increases to $151,800* by mid 2022
- Underlying asset value circa +$3,000,000 ($2,000,000* in PME's & $1,000,000+* in land value)

* approx.

Expression of Interest campaign close Thursday 9th December 2021

Facebook
To receive updates via your Facebook newsfeed please <a href="http://www.facebook.com/ManentiQuinlan" target="_blank">click here</a>, or visit <a href="http://www.facebook.com/ManentiQuinlan" target="_blank">www.facebook.com/ManentiQuinlan</a> and like our page.
Twitter
To follow us on Twitter please <a href="http://www.twitter.com/ManentiQuinlan" target="_blank">click here</a> or visit <a href="http://www.twitter.com/ManentiQuinlan" target="_blank">www.twitter.com/ManentiQuinlan</a>
LinkedIn
To connect on LinkedIn <a href="http://www.linkedin.com/company/manenti-quinlan-&-associates" target="_blank">click here</a> or visit <a href="http://www.linkedin.com/company/manenti-quinlan-&-associates" target="_blank">www.twitter.com/ManentiQuinlan</a>

Leonard Bongiovanni
Manenti Quinlan & Associates
Leonard Bongiovanni
Manenti Quinlan & Associates

Business Highlights

Business ID2017390891
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  10 Nov 2021
Map for 251 Rusden Street Armidale NSW 2350
Map for 251 Rusden Street Armidale NSW 2350251 Rusden Street Armidale NSW 2350
Leonard Bongiovanni
Manenti Quinlan & Associates
Leonard Bongiovanni
Manenti Quinlan & Associates

Business Highlights

Business ID2017390891
Floor AreaAsk Business Broker
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  10 Nov 2021
Manenti Quinlan & Associates
Level 1, 105 Liverpool Road Enfield NSW 2136
Leonard Bongiovanni
Manenti Quinlan & Associates
Leonard Bongiovanni
Manenti Quinlan & Associates
Leonard Bongiovanni

Leonard Bongiovanni

Manenti Quinlan & Associates

Call Broker
0403 022 021
CallEmail