CBRE Hotels in conjunction with Ray White Hotels, are delighted to be appointed in offering for sale the freehold going concern interest in the Vic on the Park Hotel.
Key investment considerations of this opportunity include:
– Large format inner west freehold within explosive growth precinct
– Annual revenues in excess of $7.45 million balanced across bar, bistro, gaming and wagering
– 3am liquor licence with 25 EGM’s offering compelling gaming upside
– Significant 1,247sqm corner allotment with future development and site amalgamation potential (STCA)
– On the doorstep of the recently approved Victoria Road precinct – height approvals to 14 storeys, FSR ratio to 3.5:1, 1,000 new apartments and employment hub
– Rapidly diminishing availability of AAA Sydney freehold pubs – in excess of $600 million across 22 top tier pub sales over the last 18 months
FOR SALE BY EOI CLOSING THURSDAY 28 SEPTEMBER 2017 AT 4PM (IF NOT SOLD PRIOR)
