Sydney Pub & Hotel with Upside

  • $295,000
Sydney,
  • Food / Beverage & Hospitality
  • Business Type

Overview

Listing ID: BF2016414764
  • Food / Beverage & Hospitality
  • Business Type

Details

Updated on October 20, 2021 at 9:33 pm
  • Listing ID: BF2016414764
  • Price: $295,000
  • Business Type: Food / Beverage & Hospitality
  • Summary: Rare leasehold opportunity for the astute operator/investor to secure a significant Pub, Hotel, Bistro and Functions Venue within a central Sydney location.

Description

Rare leasehold opportunity for the astute operator/investor to secure a significant Pub, Hotel, Bistro and Functions Venue within a central Sydney location.The ground floor comprises 290sqm approx. and has a traditional pub feel featuring a main bar, lounge, dining room with separate full commercial kitchen, and a beer garden.The first floor comprises 160sqm approx. of accommodation and features five (5) generously appointed bedrooms.This licensed hotel is unapologetically authentic and multifaceted making it the perfect canvas for your dream pub concept. The lounge, dining room and beer garden areas allow the venue to accommodate social gatherings, dining, functions and live music simultaneously. Upstairs features highly rentable accommodation within close proximity to Sydney CBD. This Sydney Hotel is a publicans dream.VENUE HIGHLIGHTS:Originally established in the late 19th centuryRecently renovatedLiquor full hotel licenceLive music venueVENUE STRENGTHS:Central Sydney locationIdeal owner/operator venue with vast upsideCorner aspect site with great signageOff street public parking availableFully equipped kitchen with exhaust, grease trap and walk-in cool room.NEW LEASE AND RENT:Lease Commencement: At short noticeTerm: Five (5) yearsOption to renew: Five (5) yearsAnnual Net Rental: $150k plus outgoings plus GSTUPSIDE:* Operate the kitchen (current operator leases kitchen out)* Strong sense of community, network with extensive clientele.* Grow functions/events.* Increase revenue from the accommodation.Experienced operator sought-after.Call Barn on 0409 444 555 to register your interest.

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