- Landmark large format hotel with both compelling business and mixed-use redevelopment upside (STCA)
- Owned by the same family for the last 40 years – one of the last privately owned and operated Sydney pub assets of this scale and magnitude
- Generating ~$11,000,000 in annual revenues across bar, bistro, gaming, wagering, accommodation and retail liquor
- 24 hour liquor licence with 3 hour weekend gaming shutdown - maximum allowable 30 x gaming machines (15 x permits & 15 x entitlements)
- Average NSW state gaming ranking of #98 over the last four quarters – all the core trading attributes of a TOP #50 gaming hotel
- Large trading footprint with almost half of the hotel under-utilised and seldom traded
- Exclusive trading catchment and virtually unopposed in terms of pub and club competitors – adjacent Bexley North train station and ~150 space council car park
- Occupies a significant 4,236 sqm* land holding with attractive and favourable imminent rezoning to MU1 Mixed-Use, 3.0 – 3.6 :1 FSR & 35m height
- Recent Gateway Determination by NSW Planning supporting plans for a two tower mixed-use development comprising hospitality, commercial, retail, residential and accommodation - this is anticipated to yield in excess of 13,500 sqm* of gross floor area
For more information, please contact agent.
*Approximately.
Remember to mention you found this property on DevelopmentReady
- Landmark large format hotel with both compelling business and mixed-use redevelopment upside (STCA)
- Owned by the same family for the last 40 years – one of the last privately owned and operated Sydney pub assets of this scale and magnitude
- Generating ~$11,000,000 in annual revenues across bar, bistro, gaming, wagering, accommodation and retail liquor
- 24 hour liquor licence with 3 hour weekend gaming shutdown - maximum allowable 30 x gaming machines (15 x permits & 15 x entitlements)
- Average NSW state gaming ranking of #98 over the last four quarters – all the core trading attributes of a TOP #50 gaming hotel
- Large trading footprint with almost half of the hotel under-utilised and seldom traded
- Exclusive trading catchment and virtually unopposed in terms of pub and club competitors – adjacent Bexley North train station and ~150 space council car park
- Occupies a significant 4,236 sqm* land holding with attractive and favourable imminent rezoning to MU1 Mixed-Use, 3.0 – 3.6 :1 FSR & 35m height
- Recent Gateway Determination by NSW Planning supporting plans for a two tower mixed-use development comprising hospitality, commercial, retail, residential and accommodation - this is anticipated to yield in excess of 13,500 sqm* of gross floor area
For more information, please contact agent.
*Approximately.
Remember to mention you found this property on DevelopmentReady