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91 Belgrave Street West Kempsey NSW 2440

  • Hotel, Motel, Pub & Leisure
  • 1,000 m²
  • For Sale, $950,000

Historic Hotel freehold halfway between Sydney and Brisbane. Home and income.

Profitable accommodation-only hotel with wide verandas in the classic Australian style, built 1885, extended 1922. Shared facilities with 11 toilets, 7 showers (plus manager's residence en suite), 2 kitchens, dining room, covered courtyard with stage, rooftop courtyard, functions room and front bar.
Mainly catering to a core of permanent guests though still popular with casuals despite not advertising. The current owners have extensively renovated it to provide beds, fridges, wifi and TVs in every room but we live off site and have other commitments.
A couple living in the manager's residence prepared for the work like bed-making that comes with heavy bookings from casuals can generate $4000 a week in peak and usually well over $2000 a week with a core of permanents and a flow of overnighters.
Fixed costs such as rates and insurances and electricity are about $600 a week.
The hotel has lovely wide verandas and a large covered courtyard and a sunny rooftop space next to the laundry with its brand new coin-op washing machine and dryer. There are two shared kitchens plus wok burners and a barbecue out in the courtyard.

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Property Highlights

Property ID2013730620
Floor Area1,000 m²
Land Area600 m²
Parking10 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityVacant
Category
Last updated  14 Aug 2017
Map for 91 Belgrave Street West Kempsey NSW 2440
Map for 91 Belgrave Street West Kempsey NSW 244091 Belgrave Street West Kempsey NSW 2440
Zero Commission
49 Hillwood Jetty Road Hillwood TAS 7252

Inspections are still happening

Reach out to the agent to arrange a private or online viewing

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Inspections are still happening

Contact Agent