Freehold Historic Hotel, Corowa S. NSW Ref. A 347

Active

Description

If you would like a luxurious lifestyle with freehold security and a very successful  hospitality business, this is for you. The Royal Hotel circa 1890, is a classic main street 2 storey hotel in excellent condition.  Corowa, pop approx. 6,500 is located on the Murray River, about 60Km West of Albury- Wodonga (approx. 110,000). The area is well known for intensive and broad acre agriculture, wineries and has significant tourist trade, particularly from Melbourne approx. 300Km away. It is a very solid regional community.

For guests, a high standard of food and accommodation really sets the Royal apart. At street level, there are a Dining room, Function room, a rear Beer garden, and a smaller more intimate Function room, all served via a front bar. Upstairs diners are also offered a balcony setting with sweeping views over the main street.

There are up to 13 guest rooms available upstairs with 9 currently in use. As per the rest of the property, they want for nothing, with deep pile carpets and views over the town and grounds. The manager/proprietor also has a self-contained 3 bedroom apartment located on the first floor, again with nothing overlooked.

The current owners have operated the Royal since 2017, and  they have also invested into a modern and very functional commercial kitchen. This has created an excellent work environment, and also produces fine food, mostly sourced locally. In fact, all the work areas including the bar, are easily accessed and present very well.

Our clients have really invested a lot of  money, time and thought, into raising the standard even further than ever before.  It is an unforgettable inspection, and also offers very strong recorded financials. There is little doubt that this hotel will really fly with travel restrictions being removed, and access to capital city clients.

Asking: $1,400,000 + stock Freehold

Website: https://royalhotelcorowa.com.au/

Enquiries: Peter 0412 694069, Neville 0408 694132

All information contained in this website has been supplied to us by the vendors for the use of intending purchasers, and has not been verified by this office. Potential purchasers should therefore make their own enquiries, and seek professional advice. Since prices for businesses can vary, the latest information should always be sought.All inspections must be arranged via our office.

Details

Price:$1,400,000
City:Corowa
State:NSW
Zip Code:2646

Listing Inquiry