Mary Ellen Hotel, Merewether NSW

Key Investment Considerations Include:

  • Premium Freehold hotel with strong underlying property value in highly desirable beach-side locale.
  • Well balanced and diversified weekly revenue totaling $95,0000, generated via bar, restaurant, gaming and bottle shop.
  • Underutilised 3am Hotel Licence with 14 PME's - hotel currently trading to 12am midnight.
  • Significant 52m* frontage to Glebe Road with the hotel also offering three street frontages
  • Ability to capitalise on eight first floor accommodation rooms currently not in operation.
  • Newcastle currently undergoing significant economic transformation with Gross Regional Product for the region totaling $16.985 billion.
  • Hotel located 3klm's to Newcastle CBD and 1.2klm's to Merewether Beach - offering the ability to capture an enviable mix of local, tourist and corporate clientele.
  • Proximate to Newcastle's $750 landmark 'East End' Project set to transform the Newcastle City Centre and attract more than 5,000 new residents, mixed businesses and retail tenants across four separate stages.

Expressions of Interest will close on Thursday 1st March at 5pm.

Address 57 Railway St, Merewether
Price SOLD
Property Type Commercial
Property ID 53
Category Hotel/Leisure
Land Area 891 m2
Office Area 891m2

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Deane Moore

0403 5555 88
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