588 Dean Street, Albury, New South Wales
Circa 1928 - 1P6206
Leasehold $150,000 + SAV
Business Description
CRE Brokers are pleased to be appointed as the Exclusive Agency for the leasehold sale of the luxury boutique hotel business CIRCA 1928 located in the heart of the Albury central business district, a major regional growth centre for New South Wales.
Situated in the tree-lined Paris end of Dean Street, surrounded by the very best retail, food & entertainment offerings, the bold heritage-listed facade with its iconic entry columns creates a sense of grandeur and drama as you arrive. CIRCA 1928 has four uniquely designed, luxurious suites and studios, providing an exclusive feel to the hotel. In keeping with the hotel's celebration of art and culture, each was cleverly named after renowned artists born the same year CIRCA 1928 was built.
All rooms are exceptionally spacious and feature their own luxurious ensuite bathroom, with walk-in showers and stunning deep bathtubs built for two! In addition to the luxurious guest accommodation there is an ample street front retail area with direct access onto busy Dean Street, that allows you to remix the service offering and increase the revenue stream to boost profit. There is also a one-bedroom studio currently used as a manager's residence, that could easily be converted into an income producing fifth guest room and further driving revenue growth.
A magnet for returning guests and with very little competition for the luxury traveller in the city, this is an exciting opportunity for the right operator. If you enjoy providing an unparalleled luxury hospitality experience and want to secure this exciting opportunity, contact CRE Brokers today.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:MOTEL, C:NSW - Riverina & MurrayKey Investment Insights
1. Luxury boutique hotel business located in a major regional growth centre for New South Wales
2. Prime location in the heart of Albury's central business district, surrounded by the best retail, food, and entertainment offerings
3. Bold heritage-listed facade with iconic entry columns creates a sense of grandeur and drama
4. Four uniquely designed, spacious, and luxurious suites and studios, each named after renowned artists born in 1928
5. All rooms feature their own luxurious ensuite bathrooms with walk-in showers and deep bathtubs built for two
6. Ample street front retail area with direct access to busy Dean Street, allowing for potential revenue growth
7. One-bedroom studio currently used as a manager's residence, could be converted into a fifth guest room for additional revenue
8. Minimal competition for luxury accommodation in the city, making it a magnet for returning guests
9. Exciting opportunity for the right operator to provide an unparalleled luxury hospitality experience
10. Leasehold business with the potential for growth and profit in a popular tourist destination.
