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. Located in Parkes, a Central West regional centre with a strong agriculture and mining economy, indicating stable local demand.
2. Proximity to the internationally known tourist attraction “The Dish”, supporting tourism footfall.
3. Hosts the annual Elvis Festival which attracts approximately 25,000 visitors, offering major event-driven revenue opportunities.
4. Offered as a leasehold with a freehold option available, providing buyer flexibility in acquisition structure.
5. Marketed exclusively by CRE Brokers, suggesting focused representation and a single point of enquiry.
6. On-site licensed facilities include a cosy dining area and a spacious public bar with access to a rear beer garden, supporting multiple revenue streams.
7. Fully equipped commercial kitchen in place, enabling immediate foodservice operations without significant capital outlay.
8. Accommodation package comprises a second‑storey 2‑bedroom private residence plus 13 motel rooms with lounge areas, expanding lodging revenue potential.
9. Shared accommodation amenities include 3 communal bathrooms, indicating a low‑maintenance motel layout.
10. Positioned as an owner-operator opportunity with advertised “huge potential growth”, implying scope for operational improvements and revenue optimisation.
