Business Daily Media

LOCALLY-LOVED, REGIONAL PUB SELLS FOR RECORD YIELD


A regional investor has purchased the Young Hotel, located at 89 Lynch Street, Young – testimony to the  continued demand for regional investments.

The 1,559 sq* m sqm property was sold on behalf of Garry and Marie Cummins and resulted in a sale  price that reflected a record yield for the area. 

The two-level Young Hotel is a popular entertainment hub for the local community, supporting local  charities and using local tradesmen. 

The town of Young is situated on the Olympic Highway in south-central NSW and is approximately two hours drive from Canberra and a four-hour drive from Sydney. 

Asset highlights include:

• * Two poker machine entitlements;

• * Generous beer garden;

• * Function room;

• * Significant land holding sitting on 1,559sq m* site; and

• * Dual street frontage on both Lynch and Marina Street.

The deal was negotiated by Nick Lower, Nick Butler and Selin Ince of Savills Australia.

“With more people relocating to regional NSW, the investor saw a great opportunity for The Young Hotel.  Young’s capital gain has risen to 11.53% over the past pandemic year,” said Nick Lower.

Property

Essential Considerations Before Removing a Tree in Sydney's Inner West

Tree removal is a significant task that requires careful deliberation, especially in urban environments like Sydney's Inner West. It involves understanding legal requirements, assessing en...

Business Daily Media - avatar Business Daily Media

Why Carports are a Smart Addition for Australian Homes

Car enthusiasts and car fanatics love their vehicles a little too much. Australian weather is an enemy for vehicles since there could be rain showers or hail storms. The need for a carpo...

Business Daily Media - avatar Business Daily Media

The Ultimate Choice for Modern Kitchens

Benchtop is the chandelier of the kitchen. It is one of those pieces that is of utmost central attention. It should be aesthetically very pleasing and durable. In the meantime, it should...

Business Daily Media - avatar Business Daily Media

What Is A Property Investment Fund?

A property investment fund is a financial vehicle that allows individuals to invest in real estate properties through pooled resources. These funds offer access to a diversified portfoli...

Business Daily Media - avatar Business Daily Media

A Guide to Starting A Quality Day Care Business

Welcome to being an entrepreneur! Starting a successful daycare can be both stressful and rewarding. When thinking of starting a daycare, a lot of...

Business Training

3 Tips For Balancing Business And Family

Running a business while also simultaneously being the head of the family can be a stressful challenge to deal with, but so many people out there do...

Business Training

Tips for Keeping Your Business OSHA Compliant

As a business owner, you are legally and morally responsible for your employee's safety and wellness. OSHA sets standards and regulations that bus...

Business Training

What a Labor Government means for housing affordability and the Australian property market

Housing was a defining issue of this month’s Federal Election and the Labor party’s win brings with it a raft of policy measures designed to address t...

Property

When A Forex Trader Should Make Use Of Free Forex Signals Telegram

Both experienced and new traders make use of the Free Forex Signals Telegram to optimize their profits. Beginners will find the signals important sinc...

Business Training

What to Consider When Searching For a New Office Space

Plenty of signs can indicate that your current office space is not fit for purpose. You might have grown your business, downsized it, or realized ...

Business Training