Bidding from $180,000
A Country Pub ..Freehold title, No Opposition, Excellent Turnover for Investment On Three Titles. Massive Upside Potential.
Caragabal is currently a town with no beer, locals and travellers alike are waiting for an astute operator or investor to acquire this long established hotel entity and get on with serving this great farming community.
The Royal Hotel situated in the highly productive rural village of Caragabal which is well situated between the thriving cities and townships of Forbes, West Wyalong, Grenfell and Cowra.
This great well preserved and maintained pub offers a great opportunity for an entry level operator to use there skills and enthusiasm to rebuild this recently closed business to its recent for glory and exceed the previously consistent figures of between $8,000 to $10,000 per week with excellent net retention.
Additional income from the local post office lease together with low rates and water costs together with good onsite accommodation also helps sustain an excellent bottom profit for an owner operator.
The property sits on approx. 2,409m2 of land over three titles. Land rates just $250 per year.
Don’t miss this well priced business, Investment lifestyle opportunity.
Call Christine for more details and book your inspection. 0474593212
Land Size: 2409m2