Property: Empire Hotel, Cobar NSW
Top trading hotel in prosperous north central mining town with agricultural and tourist support.
Price: $1,800,000 Vendor terms available
Address: 6 Barton Street, Cobar NSW 2835

The hotel is situated in the centre of town on a large L-shaped allotment with 2 street frontages.  It comprises a single storey brick building.  Accommodation includes a large public bar, lounge bar with booth and table and chair seating, large function room/bistro with adjacent beer garden, drive through bottle shop (the only one in the town), up-to-date commercial kitchen and usual amenities and stores etc.

The trade averages in excess of $55,000 per week and the hotel is well known as a food venue with efficient and friendly service.

The present owner operators wish to retire and are asking a reasonable $1,800,000 for the freehold and business and will offer attractive vendor terms.  They will alternatively sell a leasehold interest. The price asked is $390,000 for a total lease and options term of 20 years and a very reasonable initial weekly rent of $2,500 plus GST.  The vendor will also negotiate freehold or lease terms in order to accommodate the purchaser.  Also they are willing to assist the purchaser in the operation of the hotel following possession, if required.  The experienced existing management and staff are also available for the new operator.