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MARY ELLEN HOTEL

» MARY ELLEN HOTEL
51 Railway Street, Merewether, NSW, Australia
  • Premium freehold hotel with strong underlying property value in highly desirable beachside locale
  • Well balanced and diversified weekly revenues totalling $93,000* – generated via bar, restaurant, gaming / wagering and bottleshop
  • Underutilised 3am Hotel Licence with 14 PME’s – hotel currently trading to 12am midnight
  • Significant 52m* frontage to Glebe Road with the hotel also offering three street frontages
  • Ability to capitalise on eight first floor accommodation rooms currently not in operation
  • Newcastle currently undergoing significant economic transformation with Gross Regional Product for the region totalling $16.985 billion*
  • Hotel located 3kms* to Newcastle CBD and 1.2kms* to Merewether Beach – offering the ability to capture an enviable mix of local, tourist and corporate clientele
  • Proximate to Newcastle’s $750m landmark ‘East End’ Project set to transform the Newcastle City Centre and attract more than 5,000 new residents, mixed businesses and retail tenants across four separate stages

* approx

Sales by Expression of Interest, closing Thursday 1st March at 5pm.


 

 

 

 

 

 

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