Royal Hotel, 88 Wynyard Street Tumut, NSW 2720
FOR SALE: Top #600 OLGR Gaming Venue in Expanding Regional Centre
- Highly profitable venue, producing $2,850,000* in annual revenue, run under management.
- Currently showing circa $800,000* after vendor provided add-backs.
- Enormous $4-5 billion* infrastructure and development pipeline for the immediate region. Expected 7-10 year* ‘super-profits’ period with Snowy 2.0.
- Full-format hotel features: Pubic bar, bistro, commercial kitchen, gaming room with 13 PME’s, 12 pub rooms, 11 freestanding motel rooms, manager’s residence.
- Expansive 3,250sqm* main street allotment with rear car parking and dual street access.
- Large well-compensated, blue-collar worker base with major employers; Snowy Hydro, Visy Pulp and Paper Mill, AKD Sawmill.
- Consistent gaming performer: (#611 – OLGR Rankings Dec Quarter 2018), (#620 – 2-year average) circa $17,000* a week in gaming revenue in proven gaming town.
- Upside in gaming, accommodation and local economic and demographic drivers.
FOR SALE BY PRIVATE TREATY
Property ID: 503160642Last Updated: 9 Apr 2019