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 appointment by Albury CRE Brokers, indicating a managed, brokered transaction and vendor representation.
2. Luxury boutique hotel located in Albury central business district, a major regional growth centre for New South Wales.
3. Heritage-listed façade and iconic entry columns on the tree-lined Paris end of Dean Street, creating strong street presence and curb appeal.
4. Surrounded by high-quality retail, food and entertainment offerings, signalling attractive nearby amenity and potential guest demand.
5. Four uniquely designed, luxurious suites and studios offering an exclusive boutique experience and differentiated product.
6. Exceptionally spacious rooms, each with luxurious ensuite, walk-in shower and deep bathtubs built for two, supporting a premium nightly rate.
7. Rooms themed to celebrate art and culture, enhancing guest experience and marketing differentiation.
8. Ample street-front retail area with direct access to busy Dean Street, enabling additional revenue streams and service remixing.
9. On-site one-bedroom manager’s residence currently used for operations, convertible to a fifth income-producing guest room to boost revenue.
10. Established repeat-guest appeal and limited competition for luxury travellers in Albury, implying strong occupancy potential for the right operator.
11. Classified as a leasehold motel in NSW Riverina & Murray, positioning it within a regional tourism corridor and regulatory context.
