Big pub currently under-achieving. This centre of
town opportunity is ripe for a motivated operator
- 1P4529

Industry:   | Listed by: CRE Brokers
Key Strengths
About this business
12% cap rate (before negotiation) on this no-brainer coastal Freehold Going Concern Hotel in ever-growing mixed generational seaside locale.

With no outdoor gaming solution as yet in place there is substantial upside in this offering with its 12 EGMs and the early open option on the licence.

Substantial land size of 1787m2, on-site parking and room for future development (stca), this 2 storey local icon also has 19 very popular pub rooms and a fully self-contained 2 bedroom residence (currently income producing).

CCTV with 25 cameras, newly renovated bistro and bar and huge covered beer garden with performer's stage currently under-utilised. New coolrooms, plant & equipment and A/C after a 2017 fire, sees the back end of the pub sparkling new.

Astute publicans to the front of the line please!
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Business Name / Ref #:
Contact Advertiser
Location:
NSW
Asking Price:
$4,500,000
Revenue:
Year Established:
No.of Employees:
-
Gross Profit:
Fixtures:
Stock:
Lease:
Trading Hours:
Website:
Contact Details:
0456 56.....
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Advertiser Details

Specialist business & property agents & valuers dedicated to the tourism & leisure sector
Location: 5 Jarrah Drive
Braeside, Victoria
3195, Australia

All Comments

Big pub currently under-achieving. This centre of town opportunity is ripe for a motivated operator - 1P4529 ListingImage
About this business
12% cap rate (before negotiation) on this no-brainer coastal Freehold Going Concern Hotel in ever-growing mixed generational seaside locale.

With no outdoor gaming solution as yet in place there is substantial upside in this offering with its 12 EGMs and the early open option on the licence.

Substantial land size of 1787m2, on-site parking and room for future development (stca), this 2 storey local icon also has 19 very popular pub rooms and a fully self-contained 2 bedroom residence (currently income producing).

CCTV with 25 cameras, newly renovated bistro and bar and huge covered beer garden with performer's stage currently under-utilised. New coolrooms, plant & equipment and A/C after a 2017 fire, sees the back end of the pub sparkling new.

Astute publicans to the front of the line please!

Revenue:

Year Established:

No.of Employees:-

Gross Profit:

Fixtures:

Stock:

Lease:

Trading Hours:

Website:

$4,500,000

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