51 Railway Street,
Merewether, NSW 2291
Hotel, Motel & Leisure
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Map of 51 Railway Street
MARY ELLEN HOTEL
- Premium freehold hotel
- Underutilised 3am Licence with 14 PME's
- Capitalise on 8 first floor accom rooms
CBRE Hotels, in conjunction with Moore & Moore Real Estate are delighted to be exclusively appointed to sell the freehold going concern interest in the Mary Ellen Hotel.
Key investment considerations include:
– Premium freehold hotel with strong underlying property value in highly desirable beachside locale
– Well balanced and diversified weekly revenues totalling $93,000 (approx.) – generated via bar, restaurant, gaming / wagering and bottleshop
– Underutilised 3am Hotel Licence with 14 PME's – hotel currently trading to 12am midnight
– Significant 52m frontage to Glebe Road with the hotel also offering three street frontages
– Ability to capitalise on eight first floor accommodation rooms currently not in operation
– Newcastle currently undergoing significant economic transformation with Gross Regional Product for the region totalling $16.985 billion
– Hotel located approx. 3kms to Newcastle CBD and circa 1.2kms to Merewether Beach – offering the ability to capture an enviable mix of local, tourist and corporate clientele
– Proximate to Newcastle's $750m landmark 'East End' Project set to transform the Newcastle City Centre and attract more than 5,000 new residents, mixed businesses and retail tenants across four separate stages
Key investment considerations include:
– Premium freehold hotel with strong underlying property value in highly desirable beachside locale
– Well balanced and diversified weekly revenues totalling $93,000 (approx.) – generated via bar, restaurant, gaming / wagering and bottleshop
– Underutilised 3am Hotel Licence with 14 PME's – hotel currently trading to 12am midnight
– Significant 52m frontage to Glebe Road with the hotel also offering three street frontages
– Ability to capitalise on eight first floor accommodation rooms currently not in operation
– Newcastle currently undergoing significant economic transformation with Gross Regional Product for the region totalling $16.985 billion
– Hotel located approx. 3kms to Newcastle CBD and circa 1.2kms to Merewether Beach – offering the ability to capture an enviable mix of local, tourist and corporate clientele
– Proximate to Newcastle's $750m landmark 'East End' Project set to transform the Newcastle City Centre and attract more than 5,000 new residents, mixed businesses and retail tenants across four separate stages
Property ID: 502698746Last Updated: 27 Apr 2020
02 9333 33...
51 Railway Street
Merewether, NSW 2291
CBRE - HotelsLevel 21, 363 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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