Central West Parkes NSW JLL: Award-winning pub available for sale.
Kate MacDonald of JLL Hotels & Hospitality Group and Moore & Moore Real Estate is proud to announce the sale of the Railway Hotel Parkes via a formal Expressions of Interest campaign.
Parkes, located in the heart of Australia’s inland tour route and logistic corridor, the Newell Highway, is experiencing unprecedented government investment. It is only a five-hour drive from Sydney and three hours from Canberra.
In the next ten years, Parkes Shire Council’s population of 15,000 people is expected to double.
The sale includes:
- Freehold going concern Hotel
- Over 2,000sqm land to be occupied
- 24-hour license,
- Six valuable PMEs,
- Public bar, TAB, restaurant, two commercial kitchens
- The first-floor bar and event space, ‘Hart Bar,’ has been completely renovated.
- This comfortable three-bedroom manager’s home is ideal for a family.
A family-owned hotel offers an operator a local business that generates over $50,000 weekly. The net profit will grow if the hotel improves its gaming offerings and management controls.
The Vice President of JLL Hotels & Hospitality, Kate MacDonald, expects high-interest levels.
This is an excellent opportunity for market newcomers or established groups to take advantage of economies of scale. Rarely does a hotel of this caliber, at this price, in a regional city come up for sale. “The hard work of building a brand is already done. However, there are quick wins that can be achieved for growth.”