Hotel/Leisure
ID 80750UpdatedSaleNew Crown Hotel, Hay
111 - 117 Lachlan Street
Hay, New South Wales, 2711
Please contact us for price
- Size2,441 SQM
Greg Jeloudev
Agent details
Edward Browne
Agent details
- Description
- Building Information
- Location
- Agents
Description
Exceptional Riverina Hotel with 15 GMEs & Approved DA
Offered to market for the first time in 35 years, the sale of the New Crown Hotel presents an incredible opportunity to acquire a hotel with upside unlike any other venue of recent times. The large format site, comprising of 2,441qm, 15 band 3 (red zone) gaming entitlements and 10 accommodation rooms (8 with en-suites), underpin the opportunity which allows a prospective purchaser to dominate the Hay hospitality market.
Investment Highlights include:
- Long term held asset with huge potential for a hands on operator
- 15 gaming entitlements in a band 3 (red zone) which is future proofed against any further competition
- DA approved for new gaming lounge and modernisation of ground floor area
- Underutilised late trading 2am licence
- Expansive 2441sqm site with on-site parking
- Highest GME count in Hay, with the venue holding 58% of total hotel GMEs
- 10 original condition pub rooms plus two 2 independent managers flats
- Newly constructed beer garden providing patrons an excellent outdoor experience
The New Crown Hotel is being offered for sale via Private Treaty. To receive further due diligence information, or to request an inspection, please contact the exclusively appointed undersigned agents.
Offered to market for the first time in 35 years, the sale of the New Crown Hotel presents an incredible opportunity to acquire a hotel with upside unlike any other venue of recent times. The large format site, comprising of 2,441qm, 15 band 3 (red zone) gaming entitlements and 10 accommodation rooms (8 with en-suites), underpin the opportunity which allows a prospective purchaser to dominate the Hay hospitality market.
Investment Highlights include:
- Long term held asset with huge potential for a hands on operator
- 15 gaming entitlements in a band 3 (red zone) which is future proofed against any further competition
- DA approved for new gaming lounge and modernisation of ground floor area
- Underutilised late trading 2am licence
- Expansive 2441sqm site with on-site parking
- Highest GME count in Hay, with the venue holding 58% of total hotel GMEs
- 10 original condition pub rooms plus two 2 independent managers flats
- Newly constructed beer garden providing patrons an excellent outdoor experience
The New Crown Hotel is being offered for sale via Private Treaty. To receive further due diligence information, or to request an inspection, please contact the exclusively appointed undersigned agents.
Location
Agents
Greg Jeloudev
Agent details
Edward Browne
Agent details