Business Daily Media

The Times Real Estate

.

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

What first time property investors need to know: insights to ensure you make the right move in 2025

There’s an adage in property that the best time to buy a property was five years ago. Given the logistical challenges of that advice, what are the critical things to know if you’re consi...

Business Daily Media - avatar Business Daily Media

Reventon’s Brick by Brick Charity Build to Auction Fully Furnished Family Home

Imagine transforming a $1 million dream home into hope and security for countless Australians in need. Imagine no more. In a groundbreaking act of generosity, Reventon, a Melbourne-base...

Business Daily Media - avatar Business Daily Media

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

Five signs that AI is growing faster than the internet did

What do Aussie businesses need to do to keep up? There has been mounting chatter that AI is growing even faster than the rapid acceleration we sa...

Protecting Your Small Business from Cyber Threats This Holiday Season

The holiday season brings a surge of online activity for small and medium businesses (SMBs), with increased sales and customer inquiries offering ...

Essential SEO Strategies: Boosting Your Real Estate Business

In recent years, it is said that more and more people are searching for properties online than those who visit real estate companies in person. For ...

Every Business Needs to Apply a Concrete Strategy

Do you want your website to rank higher in the top results of the Google search engine? Then hire the excellent SEO Services in Australia for your n...

Navigating Cyber Fraud After a Natural Disaster

As Australia enters another long, hot and potentially destructive summer, businesses and residents are preparing for the natural disasters synonym...

8seats messaging startup aims to transform business communication

The new platform brings an innovative approach to unite office-based and desk-less teams 8seats, a next-generation messaging platform for busine...

Sell by LayBy