Commercial Property: The Argenton Hotel closes for six months of major renovation works

NEW LOOK: The Argenton Hotel will be closed for six months as it undergoes major renovation works. It is set to be reopened in July or August.
NEW LOOK: The Argenton Hotel will be closed for six months as it undergoes major renovation works. It is set to be reopened in July or August.

The Argenton Hotel on Lake Road, Argenton closed last month for a multi-million-dollar redevelopment including extensive building works, expansion and internal renovations.

The venue will be closed for up to six months with hopes to reopen in July or August.

Owners Campbell and Clare Rogers are no strangers to renovations. They purchased the Sydney Junction Hotel in 2014 and transformed it into one of the region’s premier hotels. They also bought the Gunyah Hotel last year.

“The hotel has undergone many smaller scale renovations in the past, but we have decided to close the doors and completely redevelop the hotel mainly due to the sheer scale of works we are about to undertake” Mr Rogers said.

“ … This renovation is aimed at providing a more modern casual venue that the local community can be proud of.”

SALE OR LEASE

A spacious fully licenced restaurant in a prominent location in Charlestown is for lease at $50,000 or for $599,000 as a potential sale price. It offers “exceptional value for size and location”, according to Matt Nelson from Raine & Horne Commercial.

The property has a seating plan of 80 with 50 inside and 30 in a private undercover courtyard. There is a commercial grade kitchen and licenced bar and the property is in a well-exposed main road location. 

GOOD POSITION: This property is for sale or lease and has a well-exposed main road location.

GOOD POSITION: This property is for sale or lease and has a well-exposed main road location.

UNIQUE OFFERING

Colliers International Byrne Tran and Adam Leacy describe a large site they have listed as “a unique opportunity to purchase a property located on one of the main roads servicing Warners Bay”.

The property at 5-7 King Street is 8081 square metres in size and is currently zoned B7 Business Park. It is for sale by Expressions of Interest closing April 12.

OPTIONS OPEN: The 8081-square-metre site at 5-7 King Street, Warners Bay is located around 500m from Warners Bay’s The Esplanade cafe and retail strip.

OPTIONS OPEN: The 8081-square-metre site at 5-7 King Street, Warners Bay is located around 500m from Warners Bay’s The Esplanade cafe and retail strip.