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Courthouse Hotel 232 Peel St 21,076 SF Retail Building Tamworth, NSW 2340 For Sale
Investment Highlights
- Prominent 20-meter Peel Street frontage within Tamworth’s main commercial precinct.
- Directly adjacent to a council-owned car park with approximately 250 spaces.
Executive Summary
The Courthouse Hotel in Tamworth presents a rare opportunity to acquire a freehold going concern in one of regional New South Wales’ most dynamic growth markets. This substantial brick property occupies a prominent 20-meter frontage along Peel Street, the city’s main commercial corridor, and sits adjacent to a major council-owned car park with approximately 250 spaces, ensuring strong accessibility for patrons.
The hotel generates approximately $128,000 in weekly revenue, supported by a well-diversified income mix across bar, bistro, and gaming operations. A key feature of the asset is its 19 Band 2 Poker Machine Entitlements, with an estimated in-situ value exceeding $8.5 million, providing significant intrinsic value and long-term income security.
Tamworth serves as the largest regional center in the New England region, underpinned by a resilient economy driven by agriculture, manufacturing, and tourism. The city is forecast to experience population growth of around 30% over the next 15 years, further enhancing the investment appeal. The property benefits from favorable 3:00 AM trading hours and has recently undergone a significant refurbishment program, ensuring minimal near-term capital expenditure.
The hotel generates approximately $128,000 in weekly revenue, supported by a well-diversified income mix across bar, bistro, and gaming operations. A key feature of the asset is its 19 Band 2 Poker Machine Entitlements, with an estimated in-situ value exceeding $8.5 million, providing significant intrinsic value and long-term income security.
Tamworth serves as the largest regional center in the New England region, underpinned by a resilient economy driven by agriculture, manufacturing, and tourism. The city is forecast to experience population growth of around 30% over the next 15 years, further enhancing the investment appeal. The property benefits from favorable 3:00 AM trading hours and has recently undergone a significant refurbishment program, ensuring minimal near-term capital expenditure.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
21,076 SF
Building Class
C
Tenancy
Single
Building Height
2 Stories
Building FAR
1.62
Lot Size
0.30 AC
Amenities
- Restaurant
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Courthouse Hotel | 232 Peel St
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