After 30 years running the Hotel Kempsey, the Gavrilis family has listed the historic property ahead of plans to exit the pub business.
The Gavrilis family took on the 1880s pub in 1987, and has been proudly keeping it “all about Heritage and Hospitality” ever since.
But patriarch Peter Gavrilis cites favourable market conditions and the family’s desire to retire from hotels for testing the waters with the landmark local.
Occupying 2,327 m² over two adjoining buildings on the main street of Kempsey, adjacent to the Macleay River, the hotel boasts 15 EGMs and 29 motel rooms.
It is being marketed by CBRE Hotels’ Sam Handy and Ben McDonald, who suggest it offers “all the attributes of a strong hotel business” due to its diverse trade and location on the Belgrave Street retail strip.
“The recent introduction of retail brands such as ALDI and the further enhancement of the Kempsey Central retail centre is evidence of continued belief and growth in the region that would underpin expansion on many fronts,” said Handy.
Hotel Kempsey is being marketed “for definite sale” via a national Expressions of Interest campaign scheduled to end Thursday 28 July, 2016.