THE Kinross Hotel, which has been shut since October last year, is up for sale.
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Agents CRE Brokers have been engaged to undertake an expressions of interest for the freehold business of the Thurgoona landmark with offers closing on April 17.
"Since the commencement of the process the enquiry from the hotel and gaming market has been significant and very encouraging one week into the campaign," agent Dan McDonald said.
"The market feedback thus far recognises the potential of the hotel with consideration toward the diverse revenue streams within the business and furthermore the residential and commercial growth of Thurgoona itself.
"Since the completion of the previous tenancy late last year, a broad range of options have been considered in regard to the hotel's next chapter.
"After review and consultation with the vendors a freehold sale was determined to be the preferred course of action toward the Kinross opening its doors again to service the local community within the Albury region's fastest developing suburb."
It has played host to some of Australia's biggest musical names including Jimmy Barnes, Vanessa Amorosi, Joe Cameliri, Diesel, Shannon Noll, The Whitlams plus regular country music performers such as Adam Brand, Beccy Cole, Adam Harvey and James Blundell.
The Kinross has a 3am liquor licence with capacity to host events for 5000-plus people.
Agents are also prepared to consider leasehold tenancy options.
The Kinross building was formerly a shearing shed and was one of the busiest of its size in the southern Riverina region in the late 1880s with more than 40 stands operating at one time.
It was transported to Thurgoona in the late 1980s and rebuilt.
The suburb's population has exploded in recent years with an estimated 14,000 people living in the area and projected to grow more.
