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The Albert Hotel, Tamworth (Freehold) SOLD

Price: $ 3,700,000
Sale Method: Exclusive Agent
Status: Recently Sold
Business: Freehold
Property: Hotel
Poker Machines: 12
Listing #: 100136

John Parsons Hotels
www.jphotels.com.au
12 William St, Orange NSW 2800
Phone: (02) 6362 3199

Summary

Located on a large block within Tamworth CBD surrounded by local business and govt agencies inc. Medicare & Centrelink.

Renowned live music venue with strong bar & gaming revenue (12 PME) plus rapidly improving food operation.

Strong trade throughout the year and huge revenue boost during the Country Music Festival.

Large enough to accommodate any new direction an innovative operator wishes to pursue.

Features

  • Beer Garden
  • Car Parking
  • Public Bar

Location

Tamworth is a city in the New England region of New South Wales, Australia. Straddling the Peel River, Tamworth is the major regional centre for the New England region and is in the local government area of Tamworth Regional Council. The city is located midway between Brisbane and Sydney, the two largest cities on the Australian east coast. The city is known as the "First City of Lights", being the first place in Australia to use electric street lights in 1888. Tamworth is also famous as the "Country Music Capital of Australia", annually hosting the Tamworth Country Music Festival in late January; the second biggest country music festival in the world. The city is recognised as the "National Equine Capital of Australia" because of the high volume of equine events held in the city and the construction of the world class Australian Equine and Livestock Events Centre, the biggest of its kind in the Southern Hemisphere.