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Leisure & Entertainment business for sale in Adelaide

  • Leisure & Entertainment
  • 70 Waymouth Street Adelaide SA 5000
  • Asking Price $990,000

Iconic CBD Hotel Opportunity - Union Hotel Leasehold & Business For Sale

"The Best Gastropub in Adelaide CBD"

This local icon hotel has been operating since 1856 and provides outstanding F & B facilities.

The hotel is centrally located in Waymouth Street, a busy commercial and hospitality strip.

Major features of the hotel include:
- Main bar
- Outstanding restaurant together with rear alfresco deck dining
- Gaming Room comprising 15 machines
- Modern commercial kitchen
- Upstairs "Bar Cuba" function room and offices
- Outstanding lounge bar incorporating booth seating
- Main street dining
- New 30-year lease available
- Commencing rental $250,000 p.a. plus GST - market
- Very profitable - turnover $2.7 Million-plus

Asking price $990,000.

This is an outstanding opportunity to acquire one of Adelaide's best known hotels.

For further details of the Union Hotel Leasehold & Business contact Grant Clarke of McGees Property (RLA 1722)

Business Highlights

Business ID2016685822
Floor Area688m²
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  27 Jan 2021
Map for 70 Waymouth Street Adelaide SA 5000
Map for 70 Waymouth Street Adelaide SA 500070 Waymouth Street Adelaide SA 5000
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Business Highlights

Business ID2016685822
Floor Area688m²
ParkingAsk Business Broker
Annual returnAsk Business Broker
Category
Last updated  27 Jan 2021
McGees Property Adelaide
60 Waymouth Street Adelaide Adelaide SA 5000
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