The Canham family have listed their big, brassy Amaroo Hotel in Dubbo, one of Australia’s fastest-growing inland cities.
Around four and a half hours’ north-west of Sydney, Dubbo is a major regional hub with local population of more than 43K residents.
Located at the junction of three major highways and also serviced by daily air and rail services, the city attracts approximately 550K domestic overnight visitors per year, according to Tourism Research Australia, drawn to seasonal festivals and events and nearby attractions including the world famous Taronga Western Plains Zoo.
The Amaroo is within the Dubbo CBD, proximate to shops, the Macquarie River and the historic, heritage-listed Old Dubbo Gaol. Its 2,060sqm site on main drag Macquarie Street sees high vehicle and pedestrian traffic.
A large-format full offering hotel, it caters to a broad demographic, providing diverse amenities. On the lower ground flood is the Supper Club Room and adjacent area, at street level is the public bar, Saloon Bar, Lounge Bar, gaming room with 27 machines, bistro and extension, and balcony, plus a bottleshop.
The first floor holds a spacious function area, dining room, Mezzanine Lounge restaurant, balcony and accommodation lobby. The upper levels contain 24 well-appointed and ensuited accommodation rooms.
Vendors Kristy and Steve Canham made the reluctant decision to sell, for personal reasons.
On offer is a long lease, with approximately 38 years remaining and annual rent increases in line with CPI.
The Canhams have engaged Manenti Quinlan’s Leonard Bongiovanni and Jeremy Cusack, looking for sale price of $2.5 million.
“With a strong trading history and diverse income streams, this is an outstanding opportunity to secure a thriving leasehold business in one of regional NSW’s most dynamic centres,” says Bongiovanni.
