Dubbo hotel fetches $8.4m
Brothers Ryan and Shawn Maas have sold a Dubbo pub and business after more than a decade.
The freehold for The Garden Hotel at 173 Talbragar Street collected $7.735 million while the neighbouring property, a retail investment at #175, added $676,935.
Combined the sites span 3462 square metres.
The leasehold sold for an undisclosed price.
The Garden Hotel
Formerly known as the Great Western Hotel, the Dubbo asset contains a bistro, bar and gaming room with 12 electronic gambling machines and TAB (continues below).
There is also event space and upper-level pub-style accommodation.
Ryan and Shawn Maas, brothers of Wes Maas, managing director and founder of ASX-listed Maas Group Holdings, have operated it since 2014.
The buyer is a local operator registered as Look Mum No Hands Pty Ltd.
Manenti Quinlan & Associates’ Leonard Bongiovanni was the agent.
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