A syndicate investing in regional pub assets has bought a NSW pub known as “The Soul of the Centre”.
Tom Cutcliffe and family have sold the Tottenham Hotel, a cornerstone of New South Wales’ Central West community and a significant asset in regional hospitality. The hotel was purchased by KNEUMO Hospitality group, a private syndicate with an interest in acquiring regional assets. The sale campaign was directed by Manenti Quinlan & Associates, in conjunction with Moore and Moore Real Estate.
Situated at 77 Umang Street in the geographical heart of New South Wales, the Tottenham Hotel is renowned as “The Soul of The Centre.” This grand two-storey establishment, built in 1931, boasts a full wrap-around veranda and occupies a prominent corner location on a substantial 2,023 sqm (approx.) block.
The hotel features a main bar, bistro, commercial kitchen, beer garden, 13 accommodation rooms, and a three-bedroom manager’s residence. It has been meticulously maintained, with recent renovations preserving its historical charm while enhancing its facilities.
The property also includes three poker machine entitlements and a fully functional two-court squash centre, offering additional income opportunities through events and private functions.
The business has demonstrated strong performance across all departments, generating approximately $22,900 ex. GST per week in FY23.
“The sale of the Tottenham Hotel underscores the enduring appeal of well-positioned, high-performing regional hospitality assets,” stated Leonard Bongiovanni, director of Manenti Quinlan & Associates.
“The hotel’s rich history, combined with solid trading figures and diverse revenue streams, made it a well-received and attractive proposition.”
Bongiovanni stated that the Tottenham Hotel sale generated significant interest, reflecting the strong demand for quality hotel assets throughout New South Wales.