Cessnock’s handsome Royal Oak Hotel has come to market, harbouring local opportunities in a region skirting top-of-market influences.
The commanding two-storey brick Royal Oak occupies a sizeable 1,619sqm block on one of the busiest corners in Cessnock, around 50 kilometres west of Newcastle, 150 north of Sydney.
The Hotel comprises main and secondary bar areas, a well-appointed commercial kitchen and bistro, large beer garden, café, and 14 accommodation rooms in an area of high demand, with ample off-street parking.
John Harvey, who operates the Hunter Valley Dental Practice, has since 2011 also owned the Royal Oak Hotel.
The area has seen extensive development in recent years, and Harvey says he has enjoyed living it.
“We have loved almost every minute of our time at the Royal Oak, but I’m at the stage of life where I am starting to think about retirement and need to consolidate our lives.”
Harvey has engaged HTL Property’s Blake Edwards and Xavier Plunkett to market the asset, who note beyond its “immaculate” presentation, its greater operational opportunities arising from the property’s underlying fundamentals.
“Given these attributes there is potential that a purchaser might find another use for the site, other than a pub,” offered Edwards on the sale.
Fronted by distinctive Victorian Free Classical styling, the Royal Oak dovetails nicely into activities and attractions of the area.
“The hotel has a warm heritage feel throughout, and considering its location proximate to the Hunter Valley wine region, it would be perfect as a gastro pub or potentially even as a cellar door experience for one of the vineyards,” added Plunkett.
The freehold going concern of the Royal Oak Hotel is being sold via Expressions of Interest, closing Thursday 12 September.