Accommodation – Guest House – Freehold

For Sale

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Central West NSW

Business Code: CB1482

$7,500,000.00
Key Features: Magnificent older style building with imposing presence and enjoying sweeping views over the city and countryside. - A terrific opportunity to purchase a large scale freehold accommodation business in a high growth regional city, with considerable scope for upgrading presentation.
State: NSW
Suburb: Bathurst
Price not disclosed

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Sale Reason

1904

Established

No parking data

Parking

1 owner + 1 casual

Employees

n/a

Trading Hours

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Lease

Magnificent Edwardian 2 storey guest house with wide all-round balconies, six wings and 37 bedrooms, located in high growth Central Tablelands city, enjoying close proximity to CBD and 800m from well-known motor racing circuit. Beautifully presented, the imposing premises were constructed in 1904 as a private residence, and then operated as an orphanage from 1912 until 1975. Currently utilised as a successful guest house targeting longer stays and group bookings, it provides considerable scope to continue the upgrade of rooms to operate as a premium accommodation/ function business. A chapel is located on upper level, and can be used as a function hall, and other facilities include 6 kitchens, with one being commercial, 4 lounge areas, 2 dining areas with open wood fires, huge basement storage and workroom and self contained manager’s quarters. Whilst some bedrooms are en suite, shared facilities are also well sited. The building is sited on 5108sqm, including unused area available for possible construction of new townhouses. Ample parking is provided over two separate areas. New carpet throughout in 2022 and roof entirely replaced in 2023.

Features

Magnificent older style building with imposing presence and enjoying sweeping views over the city and countryside. - A terrific opportunity to purchase a large scale freehold accommodation business in a high growth regional city, with considerable scope for upgrading presentation.

Potential

n/a

Comments

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Weekly Summary

Figures exclude GST

Price
$7,500,000.00

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