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. Exclusive leasehold sale via Albury CRE Brokers, presenting a turnkey acquisition opportunity.
2. Heritage-listed property circa 1928, bold façade with iconic entry columns, strong curb appeal and sense of grandeur.
3. Prime location in the tree-lined Paris end of Dean Street, Albury CBD, a major regional growth centre in New South Wales.
4. Surrounded by top retail, food and entertainment offerings, supporting walk-in demand and guest experience.
5. Four uniquely designed luxury suites and studios, each themed after artists born in 1928, delivering a boutique, art-focused positioning.
6. Exceptionally spacious rooms with private ensuites, walk-in showers and deep bathtubs built for two, targeting high-end travellers.
7. Proven repeat guest appeal with limited competition for luxury accommodation in the city, indicating strong demand potential.
8. Street-front retail area with direct access to busy Dean Street, providing an immediate ancillary revenue stream and flexibility to remix offerings.
9. On-site one-bedroom manager’s residence currently, easily convertible into a fifth income-producing guest room to boost revenue.
10. Positioned as a luxury motel/hotel in the Riverina and Murray region, suitable for operators specialising in upscale hospitality.
