MQ & Associates, under instruction from Jirsch Sutherland Insolvency Solutions, have the opportunity to present to market the Leasehold Interest of the Captain Cook Hotel in Paddington.
Key attributes of the Captain Cook Hotel include:
- High exposure site in central prominent location only 2.5km (approx.) from the Sydney CBD
- Within close proximity to popular facilities such as Allianz Stadium, Sydney Cricket Ground and the UNSW Art and Design Faculty as well as Victoria Barracks and busy Oxford Street
- Features Bar, Bistro, Gaming Lounge with 15 poker machines, 12 with smoking solution, and Upper Level Accommodation
- Long term lease in place with the upper level accommodation component subject to a proposed sublease which substantially offsets the hotel rental
- Genuine opportunity to truly capitalise on this underperforming asset
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