The colourful Station Hotel and Motel of Kurri Kurri is being sold by the Roche family, offering an entry level title in the Hunter Valley.
The Station holds some history in the region. Designed by acclaimed Maitland architect James Warren Scobie, it first opened in 1904.
Four decades later it was bought by infamous crime boss Abe Saffron, with business partner Hilton Kincaid. The pair sold it only a year later, in 1945.
It offers a public bar, bistro, commercial kitchen, beer garden, a large function space and 11 pub-style accommodation rooms.
The adjoining Motel, on a separate title, features 17 well-appointed ensuited motel rooms, with 16 exclusive car spaces, plus a manager’s residence.
For two decades it was owned and operated by long-time hoteliers Billy and Di Metcalfe, before they listed it at the end of 2019 as they headed for retirement. It was later bought by DB Pubs, owned by the Roche family.
Kurri Kurri is located close to the Hunter Valley’s wine and tourism region, with its 1.4 million-plus annual overnight visitors, as well as to the area’s mining and agricultural precincts, populated by large numbers of blue-collar contract workers and residents.
Occupying an expansive 2,272sqm over two separate titles, there is immediate divestment opportunity.
The local workforce is regularly in need of either short- or long-term accommodation, and marketing literature touts good opportunity in the accommodation, with the motel reporting more than half a million in revenue for FY23, achieving over 60 per cent profit.
The asset is expected to fetch $2.5 million, in a region anticipating major development and an influx of construction jobs.
“Set to greatly benefit from the proposed $600 million federally-funded gas-fired power station, and being one of only three pubs in Kurri Kurri, provides enormous scope for an incoming purchaser to relish in the fundamentals the Hotel and Motel has to offer,” suggests HTL Property’s Xavier Plunkett, marketing the property with colleague Ben Kennedy.
The freehold going concern of the Station Hotel and Motel Kurri Kurri is being sold via Expressions of Interest, closing Thursday, 21 September.
