AUCTION Thursday 29 September, 10:30am
- Attractive Heritage Building with 3 street frontages
- Originally built in 1881 and providing 450sqm of mixed use space
- Fantastic location opposite park and only 1 km to Sydney CBD
- Public bar, bistro / restaurant & 9 accommodation rooms running at high occupancy
- Loyal customer base with opportunity to increase patronage from surrounding area
- Run under management and now offered on a walk in walk out basis
- Great opportunity for owner operator to dramatically improve sales across all departments
- Hoteliers License – General Bar (no gaming)
- Attractive price point and opportunity to purchase adjoining terrace
http://www.realcommercial.com.au/5814999
Licensed Hours
Monday – Saturday 10am – 12 midnight
Sunday 10am – 10pm
Property Partnership Australia has great pleasure to offer for sale by Public Auction the Lord Wolseley Hotel, Ultimo. This rare and attractive heritage hotel has been operating for approximately 130 years (built circa 1881) and with its unique offering in food, beverage and accommodation this legacy will continue.
Currently run under management (with the bistro operating under a separate licence agreement) the opportunity now exists for an astute investor or owner operator to dramatically increase value through more active management and modest refurbishment.
In addition, the value of the property is underwritten by its prime location only 1km to the west of the Sydney CBD. With residential properties in the immediate area selling for upwards of $8,000 per square metre (of NSA) this illustrates the inherent value of the subject property.
Ideally positioned for the investor, existing operator or someone just wanting a sea change the Lord Wolseley Hotel is an affordable opportunity to enter the hospitality industry in a prime location.
The auction is scheduled for 10:30am Thursday, 29th September, 2011 and your inspection of this truly unique property is highly recommended.
Company Contact Details:
Ashington Court
Suite 501, 147 King St
SYDNEY NSW 2000
P: 9232 2099
F: 9232 2776
M: 0449 554 886