Tourism Property sold this iconic Kiama hotel in October 2024 – congratulations to the vendors and new owners.
A once in a generation opportunity in this tightly held location.
Kiama was voted Australia’s Best Small Town 2023.
Kiama has above average entrepreneurship, below average unemployment, higher than average income. Bernard Salt, March 2023
Property Highlights:
- Extremely limited competition, one of only 2 pubs in Kiama
- Short walk to beaches and train station
- Booming region, excellent demographics
Property Details:
Tourism Property are proud to present to market this rare seaside hospitality offering – the first of its kind in over 20 years.
A once in a generation, unique investment opportunity in a booming geographical pocket. The iconic Grand Hotel Kiama was built in 1891 and sits proudly in the heart of this historic coastal town.The Grand Hotel Kiama offers a compelling opportunity with very limited local competition.
Set apart by its rich history, heritage charm, and proximity to local attractions such as the famous Kiama Blowhole and stunning local beaches.
The ground floor of the property offers a public bar, restaurant, TAB area and additional dining room which is perfect for hosting functions and events.
The ground floor also benefits from a smoking friendly gaming room with 15 gaming machine entitlements (threshold 18). This presents a significant opportunity to generate additional revenue through gaming operations. Furthermore, the gaming room is fully licensed and compliant with all regulatory requirements, ensuring a smooth and seamless operation
Upstairs, The Grand Hotel offers 20 traditional accommodation over two levels. Renovate and prosper in this under-supplied accommodation market.
Kiama was recently named “Best Small Town” in Australia by Bernard Salt. Selecting Kiama over 751 other eligible towns, he stated “Kiama has above average entrepreneurship, below average unemployment, higher than average income”.
Investing in the Grand Hotel Kiama offers a unique opportunity to own a piece of local history and leverage the thriving tourism industry of the NSW South Coast.
Financials:
Qualified buyers will have access to an extensive range of financial and operational reports, including accountant prepared Profit & Loss statements.
Offers close Thursday 29th June 2023.
Inspections are ONLY available when accompanied by the agent and require a minimum of 48 hours notice – please call to discuss your interest and purchasing credentials.
More Information:
An information memorandum has been prepared and will be provided to qualified purchasers.
Please call exclusive agent Matt Davidson at Tourism Property to discuss your next move.
To register as a buyer, click here.
You will need to return the confidentiality agreement in order to receive further information on this property.
Listing Agent
Matt Davidson
Managing Director
Mobile: 0400 200 139
