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Hotel/Leisure

123 Dandaloo Street Narromine, NSW 2821

Sold for $492,500 on 21 Dec 2020
  • Building: 556m²
  • Land: 2,750m²
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Hotel/Leisure in Narromine

Under Contract | Contact Richard

  • Building: 556m²
  • Land: 2,750m²

The Royal Hotel is a charming country pub located in Narromine, a short minute drive from the busy regional city of Dubbo, NSW.
Well supported by locals, passing holiday makers and tourists, this is a fantastic and affordable opportunity to enter the tightly held passive investment market.
The Hotel is set upon 2,750m2* of combined land over two land parcels.
The Hotel features a public bar, TAB and Keno facilities, commercial kitchen, bistro, beer garden, drive through facility, outdoor undercover area, childrens' play area and air conditioned three bedroom managers residence.

  • Excellent return on investment of 8%
  • Good location on Narromine's main street
  • Strong rural tourist area close to the city of Dubbo
  • Lease in place until August 2029 with 2x5 year option periods
  • Great tenant in place
  • Potential to expand the current business
  • An affordable freehold opportunity for the savvy investor

Contact Richard Tegart for an appointment to inspect today!

*approx. Outlines indicative only

Building:

556m²

Land:

2,750m² / 0.68 acres

Zone:

B2 - Local Centre

123 Dandaloo Street, Narromine, NSW 2821