Goulburn's Southern Railway Hotel sells for $3.6 million

Goulburn's Southern Railway Hotel sells for $3.6 million
Goulburn's Southern Railway Hotel sells for $3.6 million

The Southern Railway Hotel in Goulburn has sold for $3.6 million to the same syndicate that recently bought the nearby Empire Hotel.

There two recent transactions account for a third of the six pubs in Goulburn which has a population of nearly 30,000.

The Southern Railway Hotel at 118 Sloane Street, across the road from Goulburn train station, was established in 1872 as Clifford's Hotel and was renamed the Railway Hotel in 1876.

It later was known as the Great Southern Railway Hotel before becoming the Coolavin Hotel which is still etched on the top of the building's facade.

The hotel has an annual revenue of $2.37 million from its 18 accomodation rooms and downstairs bar and bistro.

Goulburn's Southern Railway Hotel sells for .6 million

There's nine EGM's, including three outdoor machines.

It was the first time the property sold in 34 years.

It had been owner operated by Jude Bourne since 2003. She bought it in 1985.

HTL Property’s Sam Handy and Blake Edwards handled the marketing.

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

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Hotel Sale Goulburn

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