219 Clarinda Street, Parkes, New South Wales
The Royal Hotel Parkes - Huge Potential Growth
Leasehold - $100,000
Business Description
Classic Leasehold Country Hotel exclusively offered for sale by CRE Brokers.
This fantastic regional hotel opportunity located in the strong and diverse agriculture and mining town of the Central West region. Parkes is the home of the world renowned tourist attraction of "The Dish" and boasting many local festivals including the popular Elvis Festival weekend which brings to town approximately 25,000 people from all over Australia.
Featuring a cosy dining area, spacious public bar with access to the rear beer garden and a fully equipped commercial kitchen.
The Hotel also consists of a second story consisting of a spacious 2 x bedroom residence with kitchen, lounge and bathroom, plus 13 motel rooms with lounge area, 3 x communal bathroom.
The Royal Hotel Parkes presents a great opportunity for an owner operator to take advantage of the hotel's huge potential growth, so enquire today as this won't last.
Freehold opportunity also available.
Business Summary
Other Features / Notes
A:LEASEHOLD, B:HOTEL/BAR, C:NSW - Central & North WestKey Investment Insights
1. Leasehold classic country hotel listing, with freehold purchase option also available.
2. Located in Parkes, Central West NSW, a strong agriculture and mining town providing stable local demand.
3. Close association with major tourist draw "The Dish", supporting year-round visitor interest.
4. Significant event-driven demand from the annual Elvis Festival, which attracts approximately 25,000 visitors.
5. On-site accommodation comprising 13 motel rooms with lounge area and 3 communal bathrooms, supporting overnight stays and group bookings.
6. Owner residence on the second storey, 2 bedrooms with kitchen, lounge and bathroom, facilitating on-site management.
7. Commercial-grade kitchen, cosy dining area and spacious public bar providing full food and beverage operations capability.
8. Rear beer garden offering outdoor service space, suitable for events and increased patron capacity.
9. Well-suited to an owner-operator model seeking to capture untapped growth and improve returns.
10. Classified as a hotel/bar in NSW Central and North West region, aligning with regional licensing and market positioning.
