The combined business and freehold of Mudgee’s landmark Lawson Park Hotel are being offered for the first time in years, along with adjacent properties, hinting at major development potential.
The two-storey LPH was built in 1860 and occupies a prime corner site of 1,830sqm overlooking picturesque Lawson Park, widely regarded as the best position in town. It embraces the heart of Mudgee’s thriving tourism and lifestyle precinct and its role in delivering old-style country hospitality.
It benefits from strong food & bev trade, incorporating the renowned Red Heifer Bistro amongst multiple trading zones, also including gaming areas with 15 machines, lounge seating and alfresco dining, and a beer garden.
In 2016 the LPH was another in the portfolio sell-down of the previously listed Lantern Hotel Group, shortly after Pelathon acquired the group’s Courthouse Hotel in Cairns.
The LPH was bought by a private investor, who has since had it operating under lease.
Marketing literature indicates scope for uplift across all trading departments. The gaming operation offers both smoking and non-smoking lounges and would benefit from a “strategic refresh”.
There is an approved Development Application to restore the heritage veranda that spans Church and Short streets, and creation of additional access to the unused first floor.
This separate access unlocks potential for the future activation of eight disused rooms on the upper level, for use as hospitality or function space (STCA), further adding to the opportunity.
Found around three and a half hours north-east of Sydney, Mudgee is consistently one of Australia’s most awarded tourism destinations, famed and increasingly popular for its wineries and vibrant events calendar, and a relaxed country charm with a thriving food scene.
“This is an outstanding opportunity to acquire one of Mudgee’s best-located hotels in a market experiencing strong tourism, population growth, and infrastructure investment,” says selling agent Leonard Bongiovanni of Manenti Quinlan & Associates.
The tenant has joined with the private freehold owner to offer up the restapled freehold going-concern via Expressions of Interest, closing Thursday, 25 September.
Immediately west and south of the pub’s corner lot are the former Regent Theatre, at 5 Church St, and a residence at 33 Short Street.
These properties have also been made available by the vendor, via separate negotiation, potentially creating (STCA) a combined landholding of approximately 4,022sqm and innumerable options in the growing town of around 12K residents.
