Royal Albert Hotel Offered to Market
The Royal Albert Hotel in Surry Hills has been brought to market at a time when inner-city hotel stock continues to be both highly sought after and tightly held.
The long-term freehold owners have restapled the leasehold interest with the tenants, and are now offering the hotel to market as a freehold going concern.
HTL Property’s Blake Edwards and Sam Handy have been exclusively appointed to offer the hotel to market following some of their recent inner city hotel sales, including the Bat and Ball Hotel (Surry Hills), Hotel Hollywood (Surry Hills), Woolpack Hotel (Redfern) and O'Malleys Hotel (Kings Cross).
The two-storey hotel is strategically positioned between both the Campbell Street and Foveaux Street dining precincts; and includes culinary neighbours such as Fire Door, Chin Chin, Nomad and Poly restaurants.
The business currently generates revenues in excess of ~$1,500,000* per annum, and features a midnight liquor licence with 12 valuable poker machines attached.
“The Royal Albert Hotel is at the centre of Sydney’s craft beer revolution, and offers incoming purchasers the chance to tap into what is widely considered the fastest growing niche market in the hospitality industry” offered HTL Property Director, Blake Edwards.
“The Royal Albert Hotel represents a compelling investment opportunity for a broad range of buyer segments; be that as a leasehold tenant, passive investor or a gaming hotelier seeking to relocate the machines out of the venue, Edwards added.
The hotel is perched on an elevated 211 sqm site, and is considered to have strong underlying land and building value with development upside given its B4 Mixed Use zoning.
"Sydney's inner-city and fringe CBD hotel market presents several strategic investment opportunities, all underpinned by valuable and malleable commercial land holdings adorned by historically robust hospitality business revenues" concluded HTL Property Director, Sam Handy.
The Royal Albert Hotel is being exclusively sold through leading agency HTL Property via an Expression of Interest campaign closing Wednesday 13 April 2022 (if not sold prior).
*Approximately
HTL Property, 14th March 2022
