The Grand View Hotel overlooking the Blue Mountains is looking for a loving new owner, as its long-standing patriarch throws in the towel in pursuit of retirement.
Vendor Ben Tufrey has owned and operated the Grand View for 16 years, and looking to do some long-awaited travel and spend time with family, has listed the freehold going concern for auction.
“We have just been going through the motions now for the past few years and the hotel really deserves someone with a bit more energy and enthusiasm than we’ve had recently,” offers Tufrey.
“It’s been great, but we are getting old and want to do a bit of travel and spend with some time with the kids.”
Situated on a generous 4,074sqm block on the Great Western Highway in Wentworth Falls, above rolling ‘blue’ hills, the big two-storey public house features a bar, bistro, beer garden, gaming room with nine EGMs and 17 pub-style accommodation rooms on the upper level, with several fireplaces throughout, stained glass windows, and historic photos adorning the walls.
There has been a hotel on the site since 1880, but the original was demolished to make way for the current building, built by Tooth & Co in the 1930s in the Inter-War Free Classical style.
Utilising only a portion of the site, the Hotel offers ample parking, but more importantly potential to incorporate the space into further hotel amenities, even expanding the beer garden, or other revenue-generating activities, such as outdoor events.
A function room caters for up to 100 pax (standing), and the former bottleshop building holds a number of potential uses, including a retail tenant.
The Grand View is the only pub in the tourist route town of just over 6,000 residents, 90 minutes from Sydney, and currently averages over $32k weekly revenue, with a 2am licence. Industry sources suggest the sale price will be somewhere in the $3 millions.
As well as the likely benefit of capex on the building, there is marked opportunity in the gaming operation and modestly tenanted accommodation, and Ray White Hotels’ Blake Edwards notes “heaps of potential upside” in its diverse revenue streams.
“It’s a great opportunity for buyers to get a hotel so close to Sydney – with a country price tag.”
The Grand View Hotel will go to auction at the offices of Ray White on the morning of Wednesday, 21 March.
