62 Byng Street, Orange, New South Wales

Freehold of Byng Street Boutique Hotel

Expression of Interest - Closing 27 June 2024, 4PM

Business Description

HTL Property is pleased to present to market the Freehold of Byng Street Boutique Hotel, a blank canvas business opportunity underpinned by a substantial freehold site superbly located in Orange, a vibrant regional city and popular tourist destination.

Key Investment Highlights:

• Prime location in the heart of the Orange CBD, a top tourist destination
• 22 luxury suites within a heritage homestead with modern extension
• Rare blank canvas business opportunity; vacant possession sale
• Substantial 3,950sqm* freehold site with dual frontage and flexible zoning
• Freestanding three bedroom, two bathroom manager’s residence
• Walk to gourmet restaurant, boutique retailers and cultural attractions
• Current lease expires on 31 July, 2024 – business/operators available by negotiation
• Renowned wine region abundant with cellar doors and vineyards
• Excellent revenue growth potential via F&B and/or functions offering
• Within an easy 3.5hr* drive of Sydney making it an ideal weekend getaway
• 8m* visitors in 2023; a top five destination for regional NSW travel

With its distinctive charm and prime location, the Freehold of Byng Street Boutique Hotel presents a unique opportunity for discerning investors to establish a fresh accommodation offering that will benefit from existing goodwill and one of Australia’s most coveted destinations.

The Freehold of BYNG Street Boutique Hotel is for sale via an exclusive Expression of Interest Campaign closing at 4pm on Thursday, 27th June 2024.

** Disclaimer: furnishings available subject to negotiations with the current tenant/operators

Business Summary

Marketing Agent
Nic Simarro
Nic Simarro

James Carrick
James Carrick

Key Investment Insights

1. Prime location in the heart of the Orange CBD, a top tourist destination
2. 22 luxury suites within a heritage homestead with modern extension
3. Rare blank canvas business opportunity; vacant possession sale
4. Substantial 3,950sqm* freehold site with dual frontage and flexible zoning
5. Freestanding three bedroom, two bathroom manager’s residence
6. Walk to gourmet restaurant, boutique retailers and cultural attractions
7. Current lease expires on 31 July, 2024 – business/operators available by negotiation
8. Renowned wine region abundant with cellar doors and vineyards
9. Excellent revenue growth potential via F&B and/or functions offering
10. Within an easy 3.5hr* drive of Sydney making it an ideal weekend getaway
11. 8m* visitors in 2023; a top five destination for regional NSW travel
12. Distinctive charm and prime location make it a unique opportunity for investors
13. Existing goodwill and popularity of Orange as a tourist destination
14. Potential for revenue growth through F&B and functions offerings
15. Easy access from Sydney and other major cities in NSW
16. Manager's residence provides on-site accommodation for operators
17. Flexible zoning allows for potential future development or expansion
18. Strong potential for capital growth in the future
19. Opportunity to establish a fresh accommodation offering in a sought-after destination
20. Furnishings available subject to negotiations with current tenant/operators.
Listing location
Video

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Hotels For Sale

You may also like

Exclusive - Outstanding Modern Complex Caretaking Only - ID 9121
Enticing Business Opportunity
Well-established CBD Hotel with Gaming & Accommodation - 1P6039
ACCOMMODATION & TOURISM BUSINESS FOR SALE IN CAPE TRIBULATION - 2820MF
Multi-award winning resort - Tweed Byron Hinterland FHGC | Resort Brokers ID : FH008315
Absolute Beachfront Resort Complex
Waterfront Property within Resort
Drouin Motel - 1P6044
Small Permanent Complex in Southport - ID 8381
Beautiful Redlands Area
Absolute Beachfront Management Rights - ID 8767
Acquire Prime Beachfront Resort, held for a decade, netting over $450,000 | Resort Brokers ID : MR008302
FIRST TIME AVAILABLE IN A DECADE! PRIME LARGE SCALE BRISBANE CBD MIXED-USE MLR! | Resort Brokers ID : MR008299
Outstanding Investment in the Thriving Tourism Industry of Tropical North Queensland - 2835BF
ESTABLISHED BUSINESS-ONLY MANAGEMENT RIGHTS IN COASTAL NSW | Resort Brokers ID : MRB008288
CARETAKING ONLY EASY TO RUN BUSINESS - START SMALL TO BUILD BIG! | Resort Brokers ID : MRC008287
Ocean Views Motel, Lakes Entrance VIC - 1P0297
Huge Remuneration and Small Letting Permanent MR in Brisbane West