Royal Exhibition Hotel, 86 - 88 Chalmers Street,
Surry Hills, NSW 2010
Hotel, Motel & Leisure
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Map of Royal Exhibition Hotel, 86 - 88 Chalmers Street
Prime city fringe hotel in explosive growth precinct
• 24 hour approved to trade 6 days a week with 3 hour gaming shutdown
• New Light Rail to stop across the road from hotel
• 22 PME’s, with potential for full gaming room smoking solution – then buy 8 more pokies from the Sydney LGA
• Opposite Central Station entry/exit – 100,000 commuters per day
• Amidst the Central to Eveleigh Urban Transformation (56,000 new residents & 13,000 new jobs)
• Excellent accommodation offering with 14 four star ensuited rooms
• Recent $1 million CAPEX spend includes refurbishing gaming room & accommodation rooms
• Excellent underlying property value – 550sqm opposite central Station
• Nearest three gaming hotels generating, an estimated $3,000+ pw per machine – Madison Hotel (10m away, ranked 91), Strawberry Hills Hotel (50m away, ranked 150) & Aurora Hotel (200m away, ranked 86).
• Newly refurbished office building next door, shortly to be fully tenanted with circa 80 employees
• Large 24hr approved beer garden
• Strategically outside the lock-out zone
• Full DD available including Tax Returns, BAS statements, Bank statements etc
• High margin business—accommodation, gaming, bars
• Last chance to buy a hotel before mid-2016 when yields will be tighter again
• New Light Rail to stop across the road from hotel
• 22 PME’s, with potential for full gaming room smoking solution – then buy 8 more pokies from the Sydney LGA
• Opposite Central Station entry/exit – 100,000 commuters per day
• Amidst the Central to Eveleigh Urban Transformation (56,000 new residents & 13,000 new jobs)
• Excellent accommodation offering with 14 four star ensuited rooms
• Recent $1 million CAPEX spend includes refurbishing gaming room & accommodation rooms
• Excellent underlying property value – 550sqm opposite central Station
• Nearest three gaming hotels generating, an estimated $3,000+ pw per machine – Madison Hotel (10m away, ranked 91), Strawberry Hills Hotel (50m away, ranked 150) & Aurora Hotel (200m away, ranked 86).
• Newly refurbished office building next door, shortly to be fully tenanted with circa 80 employees
• Large 24hr approved beer garden
• Strategically outside the lock-out zone
• Full DD available including Tax Returns, BAS statements, Bank statements etc
• High margin business—accommodation, gaming, bars
• Last chance to buy a hotel before mid-2016 when yields will be tighter again
Property ID: 501724813Last Updated: 4 Jan 2016
+61 424 257 0...
Royal Exhibition Hotel, 86 - 88 Chalmers Street
Surry Hills, NSW 2010
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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