Book-ending the hospitality calamity, Roches Family Hotel is on the market again in the on-trend northern rivers region.
Roches was built circa 1870, and since the end of 2015 has been owned and operated by Michael and Sharon Campton and family, taking the baton from long-standing John and Marie Brien, who ran it for nearly 30 years.
The two-storey sandstone pub, on a 988sqm corner of Victoria Street in the Grafton CBD, is in the Federation-style, with an elegant balcony overlooking both streets.
It comprises a public bar with TAB, gaming with five EGMs, commercial kitchen and bistro, function room, beer garden and on the first floor, 17 accommodation rooms.
It also lays claim to being home to the world’s longest table made from a single piece of timber. The celebrated Captain’s Table was made from one specially selected length of Blackbutt. It seats up to 40 people and measures almost 11 metres long.
Included in the sale is an adjoining cottage, primarily used as additional short-stay accommodation. This resides on a further 477sqm of land.
Most of the Hotel’s revenue comes across the bar, aided by a good business doing functions. The gaming operation would benefit from updated hardware, TITO and CRT, and a smoking solution. The accommodation is similarly under-performing, generating only six per cent of takings.
The Camptons listed the pub early 2020, only to be stymied by the pandemic shutdown.
It returns to market now with price expectation of $2.6 million, in a region seeing heightened activity, such as the offering of the proximate Grafton Hotel, and recent Laundy-Short purchase of the Lennox Head Hotel for $40 million.
“The northern rivers area is proving a hotspot for hospitality,” suggests Manenti Quinlan’s Leonard Bongiovanni, marketing Roches with colleague Jeremy Cusack.
“Roches shows further potential across all departments.”
The freehold going concern of Roches Family Hotel is being sold via Private Treaty.
