Location, close to the vineyards, and potential for improvement are expected to provide key appeal for a well-known property in Kurri Kurri.
Carolyn Wallis-Tomlins, of Ray White Kurri Kurri, is marketing the town's landmark Empire Tavern at 45 Railway Street through an expressions of interest campaign.
It operated as a licensed hotel and 12 rooms of accommodation from the 1950s until 2016 and Ms Wallis-Tomlins said it presented someone the opportunity to rejuvenate it into a brand new offering for the area.
"It needs loving but has plenty of potential," Ms Wallis-Tomlins said.
It attracted "mixed interest" in the first week on the market. A price guide has not been set. It will be open for inspection on August 15 from 4.30pm until 5.30pm.
The building is positioned on a block around 2100 square metres in size with a floor area of approximately 700 square metres. The ground floor features a main bar with ornate ceiling, commercial kitchen, dining area, cool room, beer cellar and lines. There is a beer garden outside and 11 rooms upstairs.
Investment in Forster
Raine & Horne's Steven Dick has described the Cetnaj store in Forster as a "great sub $1 million investment".
He is selling the property at 93 Boundary Street through openn negotiation. It is positioned on a corner block near Stocklands Foster Shopping Centre and has a long-term tenant paying $75,015 per annum plus outgoings and GST.
Recent auction sales
Commercial Collective reported a 100 per cent clearance rate for their July auction day. They sold a mixed-use asset at 58-60 Hunter Street in Newcastle for $1.5 million, 28 and 4/30 William Street in Raymond Terrace for $2.1 million and 7 Concord Street in Boolaroo for $980,000 plus GST.