Pine Creek Hotel Motel owners are calling for last drinks after 50+ years of family ownership. They are selling the freehold as a going concern, on a walk-in walk-out basis which offers a unique opportunity in a great location.
Pine Creek Hotel Motel plays a pivotal role in the culture, tourism and social fabric of the Katherine region and beyond. A country feel with great meals, cold beer, and good cheer in a laid-back atmosphere.
• Gateway to Kakadu National Park, located *225km south of Darwin and *90km north of Katherine.
• Gross turnover 2022/2023 $1,668,600 with potential growth opportunity and excellent real estate fundamentals.
• Functional layout, relaxing atmosphere, a main bar area with additional tropical beer garden seating 100.
• Multi-income business incorporating a Pokies room with 10 machines, Keno and TAB betting area, a restaurant that seats 60, a café/lounge next door, and accommodation covered with a 14-room well-appointed motel.
• Commercial kitchen, large cool rooms, and freezers, 80kw solar system, undercover pool table area, plenty of space to enjoy a cold beverage. Modern 3-bedroom manager residence with outdoor entertainment area.
• Well positioned on a corner block set on 5,460m2 in established gardens.
Disregard recently advertised price; vendors are motivated sellers, and all offers will be considered. With uncapped future potential, the options are endless.
Generational family asset with huge potential for modernisation and repositioning. An exceptional blend of business and freehold opportunity, creating a solid working foundation for a new operator. Lifestyle and a touch of history and rural charm. Inspections are highly recommended.
