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287 Military Road
Cremorne NSW 2090
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Sold on 7 May 2022

287 Military Road Cremorne NSW 2090

  • Hotel, Motel, Pub & Leisure
  • 3,340 m²
  • Sold

Minskys Hotel & Large Commercial & Retail Suites, Cremorne

  • 1,700sqm first floor commercial space
  • 24-hr Hotel Licence, 25 GMEs
  • No late trading competitor venues nearby

Iconic real estate and operating venue in underpubbed area - fantastic hotel & value add property attributes!

Offered for only the second time in over two decades, Minskys Hotel & Commercial Suites provide so many exciting opportunities for property investors and hoteliers alike:

- Over 3,340sqm of Prime Lower North Shore Real Estate
- 1,700sqm first floor commercial space featuring fully fitted bars, club, function rooms ripe for reactivation or re-lease & strata sell down strategy
- Multiple titles allows for variety of value add and exit strategies circa $10 million of underlying value in underutilised first floor areas alone
- Features include a prime separate 425 sq m retail tenancy offering click and collect / drive through capability
- Renowned premium trading location fully supported by ample free customer parking
- 24-hour licence with huge patron capacity
- Hotel Licence and 25 gaming entitlements/permits separately worth circa $13 million
- Utilising less than one third of the trading footprint, has a history of generating $2.5m of EBITDA virtually from ground floor areas only!
- No late trading competitor venues in precinct - The Oaks, Buena and Mosman Hotel, all early closers!

For further information please contact the exclusive selling agents.

EXPRESSION OF INTEREST

Closing date and time04/05/2022 16:00
Recipient nameAsk Agent
Delivery addressAsk Agent

Property Highlights

Date Sold7 May 2022
Floor AreaAsk Agent
Land Area3,340 m²
ParkingOn street parking
Property ID2017725008
Category
Last updated  10 May 2022
Map for 287 Military Road Cremorne NSW 2090

Nearest transport* to 287 Military Road Cremorne NSW 2090

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Property Highlights

Date Sold7 May 2022
Floor AreaAsk Agent
Land Area3,340 m²
ParkingOn street parking
Property ID2017725008
Category
Last updated  10 May 2022

Co-Agents

John Musca
John Musca
JLL - Hotels & Hospitality Group
Call
0424 257 004
Ben McDonald
JLL - Hotels & Hospitality Group
Call
+61 414 182 848

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