Friday, September 17, 2021

Another pub for sale in Casino

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Hotel Cecil
On the move: the Hotel Cecil in Casino is up for sale. Photo: Susanna Freymark

The pub on Casino’s busiest roundabout is up for sale.

No one is saying how much it is expected to sell for but Hotel Cecil is on the market.

The heritage building and business is likely to fetch a hefty price after the Tatts Hotel in Barker St sold for close to $10 million recently.

The Illawong in Evans Head went for $14.5 million.

In 1919, the Cecil was cut into pieces and dragged by a bullock team to its current site on Centre St.

This is the first time in 45 years it has been on the market.

The business generates a weekly revenue of $123,000, according to the owners syndicate spokesman Michael Bulmer, but he refused to put a sale price on the Cecil.

“The syndicate decided it was to time to sell the business and allow this heritage hotel to move on to the next owner,” Mr Bulmer said.

The pub employs 35 people and the site includes a covered drive-through bottle shop, 13 gaming machines, a TAB and recently refurbished cafe area.

The selling agents are Leonard Bongiovanni of Manenti Quinlan & Associates and John Hannigan of John Hannigan Real Estate. The hotel is being marketed through an expression of interest campaign that will close on October 7 unless a winning offer is made before that date.

Richmond River Independent 15 September 2021

This article appeared in Richmond River Independent, 15 September 2021.

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