Business Daily Media

LOCALLY-LOVED, REGIONAL PUB SELLS FOR RECORD YIELD

  • Written by Business Daily Media

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

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

Brisbane Apartment and Unit Investment Still Lackluster

In the midst of the Brisbane boom, where houses and townhouses are snapped up minutes after hitting the market, at record sale prices, apartments and unit sale remain sluggish. Even in t...

Business Daily Media - avatar Business Daily Media

How To Use a VA Loan for an Investment Property

Okay, we are going to have to play a little fast and loose with the word “Investment” here because a VA loan shouldn't be used as a way to create mo...

Property

A Complete Guide To Buying Commercial Property: Applying For a Loan

Commercial property loans are an excellent way for businesses to finance the purchase of a new property. Whether you’re expanding an existing busi...

Property

Di Jones real estate recognises high achievers

Di Jones celebrated its outstanding performers on Saturday (24 February 2018) evening at the Di Jones Real Estate Annual Awards.                   ...

Business Training

Australian Venue Co to acquire 9 Western Australia venues

Leading hospitality group to enter acquisition & asset swap agreements with Ark Group & Colonial Leisure Group  Australian Venue Co is pl...

Property

Why Pinterest Should Be Part of Your Marketing Strategy

Pinterest is a growing social media platform that can deliver significant traffic to your website and new followers to your brand. With it’s steady gr...

Business Training

How to make your social media shine this Christmas season

The festive season has well and truly arrived, rounding off a big year for all Aussie businesses. However, for businesses wanting to capitalise on...

Business Training