Two of Mt Victoria’s most prominent landmarks are both on the market.
The Imperial Hotel and the Victoria &Albert Guesthouse are for sale, and the interest in the old pub is running hot.
Alan Gregory, from Ray White Blackheath,is handling the Imperial’s sale. Hesaid there had been a lot of people at the open inspections.
“There’s a healthy interest …maybe a handful of interested parties at this point and the vendors are very keen to sell,” he said.
Victoria & Albert
The pub was last traded in late 2013, when Sydney couple Elijah and Shua Deamer took it over. But they closed its doors -apart from weekend meals -in November.Mr Deamer saidthey were losing money keeping it open and some days would serve onlytwo meals.
It will now be auctioned on February 26.
The pub has 28 lettable rooms with 12 en suites and sixcommon bathrooms. There is a grand ballroom, large dining room, function/pool room and full commercial kitchen.
While the barand bottle shop are closed, there is income from permanent guests in some of the rooms.
The building is heritage listed and will need some renovation. The liquor licence, plant and equipment and furniture are included.
The Victoria &Albert has been owned by the same Sydney man for more than 25years. He also recently sold the Cecil guesthouse in Katoomba.
Agent Peter Poulos said the V&A was built in 1914 and operated as a pub until 1941 before it was converted into a guesthouse.
It has 24 rooms,11 with en suites, a 120-seat licensed restaurant, conference facilities, a spa room and an outdoor pool. There is also a four-bedroom chalet style accommodation building beside the guesthouse.
Mr Poulos said it offered a “blank slate” to generate income fromaccommodation, conferences, weddings and/or to attract drinkers and diners. The asking price is $2.25 million.
This story Administrator ready to work first appeared on Nanjing Night Net.