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Gulgong Gold Rush Gem: Ten Dollar Town Motel & Restaurant
Historic Ten Dollar Town Motel & Larsen’s Restaurant hits market in Gulgong, NSW
Gulgong, a national treasure steeped in gold rush history and immortalised by bush poet Henry Lawson, is now home to a rare opportunity in the hospitality sector as the iconic Ten Dollar Town Motel & Larsen’s Restaurant is offered for sale.
Nestled in the Mudgee region of Country NSW, Gulgong beckons visitors to step back in time, offering a glimpse into Australia’s gold rush era with its beautifully preserved streetscape and heritage-listed buildings. With around 130 National Trust-listed structures, including the oldest opera house in Australia, the Prince of Wales Opera House, dating back to 1871, Gulgong is a testament to the nation’s rich cultural heritage.
Gold fever gripped the region in 1870, transforming Gulgong from a humble sheep run into a bustling gold mining center. The area witnessed an influx of 20,000 fortune seekers drawn by the discovery of payable gold at nearby Red Hill. Today, visitors can delve into the town’s gold rush legacy at the Gulgong Pioneers Museum and the Gulgong Gold Experience, exploring the replica mine and marveling at the historic Poppet Head that once oversaw bustling mine activity.
Gulgong’s significance in Australia’s gold mining history cannot be overstated, with official gold production from the area totaling over 555,000 ounces between 1870 and 1927. However, it is believed that the true production figures may exceed this, underscoring the town’s pivotal role in shaping the nation’s wealth during the late 19th century.
Amid this rich historical backdrop, the Ten Dollar Town Motel & Larsen’s Restaurant stands as a modern-day testament to Gulgong’s enduring allure.
Owners Trevor Morgan and Di Burcham have overseen a comprehensive revitalisation of the property, transforming it into a thriving hospitality venture with exceptional performance metrics, reporting a remarkable 92 percent+ occupancy rate in 2023.
As Gulgong continues to attract visitors drawn by its storied past and scenic beauty, the Ten Dollar Town Motel & Larsen’s Restaurant presents a unique opportunity for investors to secure a piece of this historic town’s future. Interested parties are invited to submit Expressions of Interest (EOI) by Wednesday, March 13, 2024, through the appointed brokers at JLL Hotels & Hospitality Group.
With its blend of historical charm and modern comfort, this landmark property is poised to write the next chapter in Gulgong’s illustrious history.
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