Gunnedah

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The Gunnedah Hotel has been sold by it's long time owners at a yield of almost 11%.
Nick Butler of Manenti Quinlan held the expression of interest campaign, which offered the hotel on freehold/vacant possession basis.
Located at 298 Conadilly St, Gunnedah the hotel the hotel was purchased by the Gibbs family for $2 million back in 2011.
Set on 2,921 sqm, the hotel has 12 PMEs, a 3am licence and 29 rooms for accommodation.
According to the listing the hotel's weekly average revenue is $38,700.
It was offered by Chris and Kim Gibbs, active members of the Gunnedah community.
Nick Butler of Manenti Quinlan and Associates said the Gunnedah Hotel attracted a very high level of interest from Sydney publicans and "a long list of established country operators."
"Gunnedah is expanding rapidly due to the growth of its industries, and the opportunity to take advantage of that via the Hotel’s passive income streams was particularly attractive to prospective buyers," he added.
The hotel was sold, at an undisclosed price, to established hotelier Daniel Whitten (Robin Hood Hotel, Randwick) and Luke Prout who is already a partner, with Whitten, in the Tamworth Hotel.
Their management of the hotel begins in mid-February.
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Gunnedah Hotel sold at an 11% yield

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Slower winter property sales are being felt across the NSW Northern Tablelands/North West Slopes and Plains however buyers are still out there, according to a recent report by Herron Todd White.
HTW said high rainfall productive grazing country is still in demand due to the reliability however buyers are wary of overpriced properties and are conscious that the rural market may be nearing its peak.
"Whilst it was expected to be a colder winter, above average temperatures for this time of year have led to a milder winter and rain throughout June aided in some late pasture growth and fodder crop development," HTW said.
"Rural sales across the region have slowed which is typical for this time of year with a lack of listings also a contributing factor however there are still buyers in the market.
"High rainfall productive grazing country is still in demand due to the reliability however buyers are wary of overpriced properties and are conscious that the rural market may be nearing its peak.
"Recent livestock sales were slightly down on average with lower numbers yarded. Landholders appear to be able to hold off selling over the winter period and finish cattle and lambs on fodder crops due to the milder winter however have been reluctant to restock with numbers also down on average." 
Coocoobonah, (above) 12 km from Gunnedah on the Oxley Highway at <a href="https://landmarkharcourts.com.au/Property/711578/LGD2292/92-Barlow-Rd" target="_blank">92 Barlow Road</a> is on the market for $3 million.
The property has six sheds of varying sizes and centrally located steel cattle yards with crush and ramp in excellent condition.
The property at <a href="https://www.realestate.com.au/property-lifestyle-nsw-gunnedah-7877214" target="_blank">156 Stevenson Road Gunnedah</a> is on the market for $735,000 (below).
<img src="https://www.urban.com.au/images/2017/08/21/Screen%20Shot%202017-08-21%20at%2011.29.45%20AM.png" alt="">
Positioned on a 100 acre block with 2 dams, double garage and steel machinery shed, steel stock yards, chook yard, enclosed vegetable garden and the property is divided into 6 paddocks all fully fenced and all with water.
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Gunnedah

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