588 Dean Street, Albury, New South Wales
Circa 1928, Albury
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. Leasehold sale offering exclusive agency representation by Albury CRE Brokers, enabling a new operator to acquire the business without freehold acquisition.
2. Located in Albury central business district, a major regional growth centre for New South Wales, supporting strong demand potential.
3. Positioned in the tree-lined Paris end of Dean Street, surrounded by high-quality retail, food and entertainment, enhancing guest appeal and walkability.
4. Heritage-listed façade with iconic entry columns, delivering a dramatic, premium first impression and strong street presence.
5. Four uniquely designed luxury suites and studios, creating an exclusive boutique hotel experience with differentiated room product.
6. Rooms are exceptionally spacious, each with private ensuite, walk-in showers and deep bathtubs for two, aligned to high-end leisure and romantic stays.
7. Accommodation themed around artists born in 1928, reinforcing a curated cultural and boutique brand identity.
8. Ample street-front retail area with direct access to busy Dean Street, offering the ability to remix services and add an ancillary revenue stream.
9. On-site one-bedroom studio currently used as manager’s residence, convertible to a fifth income-producing guest room to increase revenue.
10. Limited competition for luxury travellers in Albury, positioning the business as a magnet for returning guests and premium market capture.
11. Classified as leasehold motel in the NSW Riverina & Murray region, indicating fit within regional tourism accommodation supply and operator models.
