Business Daily Media

Business Marketing

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

Brisbane Bargains – Investors Digging for Gold in Outer Suburbs

Savvy investors are continuing to enter the Brisbane property market attracted by rising property values and skyrocketing rents. With house prices hitting record highs in many markets, inv...

Business Daily Media - avatar Business Daily Media

Investor News: Perth Real Estate and the Indian Ocean Dipole

The Indian Ocean Dipole (IOD) is a result of sustained changes in the temperature of the ocean's surface. In its neutral phase, it does not influence Australia's weather. However, a positi...

Business Daily Media - avatar Business Daily Media

Bridging the Gap: How Urban Architecture Integrates Green Spaces

Urban environments are often characterised by dense buildings, vehicular traffic, and limited accessibility to natural green spaces. This setup has, unfortunately, resulted in a significan...

Business Daily Media - avatar Business Daily Media

Why the Building Sector will be hit HARD in 2024

Since February, 2023, there has been an upswing in housing values even with rate rising measures by the Reserve Bank of Australia. The same growth is not expected for 2024.   The building ...

Anna Porter - avatar Anna Porter

Popular

Are rising property auction clearance rates an opportunity for brokers?

A surge in the auction clearance rate — the percentage of properties sold successfully at auction each week — is being noticed across Australian capitals. What does this signify for the brokerage industry? Recent data compile...

Top tips to improve your company’s diversity and inclusion

Matt Ting is the National Innovation and Customer Engagement Manager at AimBig Employment ,a disability employment services provider that supports people with a disability to find meaningful and sustainable work. He shares his...

Text messaging: The new expectation for Australian small businesses

COVID-19 has created an immense challenge for businesses in every industry who have battled restrictions while navigating shifts in customer behaviour brought on by the pandemic. However, with great challenge comes great oppor...

Virtual Office
Tomorrow Business Growth