Another Hunter Valley pub has found its way to market in regal Scone’s unbridled Royal Hotel Motel.
Scone is found in the upper-west Hunter region, around 150 kilometres outside of Newcastle, 280 kilometres from Sydney. It counts almost 5,000 residents and touts itself as not only the equine capital of Australia, but the second-largest horse breeding area in the world after the American State of Kentucky.
Its name is taken from Scone in Scotland, which was the home of Scottish kings and site of coronations.
The Royal is a large-format two-storey brick structure with an attractive second level balcony clad in Federation-style wrought iron balustrading. It occupies a sizeable 2,904sqm across two lots in the heart of town and enjoys triple street access.
Inside offers a large public bar with TAB and Keno, well-appointed bistro with seating for 50-60 pax plus a separate private dining area, gaming room with nine EGMs, beer garden with retractable roof, and carpark with rear street access. There is a café space facing Kelly street, leased at $100 per week.
Upstairs there are 17 accommodation rooms and to the rear ten well-presented motel suites.
The business reports almost $18k weekly revenue, derived mostly from the bar (28.5 per cent) and the accommodation (26.0 per cent), followed by the bistro (22.4 per cent). The gaming operation comes in at #1062 on the Liquor & Gaming list of NSW pubs.
The private owners cite other pending opportunities and engaged Manenti Quinlan’s Jeremy Cusack and Leonard Bongiovanni to market the asset.
“The vendors have other interests and don’t have the time dedicate to driving the business,” explains Bongiovanni.
Looking to offers at $3.2 million, Cusack suggests there is a lot of Scone hospitality ground to be gained.
“The business is ready to be driven to new heights, with upside in all departments,” he says. “An astute operator will take full advantage of the potential on offer.”
The freehold going concern of the Royal Hotel Motel is being offered for sale by Private Treaty.
