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96 Ellen Street Port Pirie SA 5540

  • Hotel / Leisure
  • 1,261 m²
  • For Sale, Contact Agent

Prime gaming opportunity in coastal region, circa 16% yield

  • Freehold going concern
  • Consistent annual trade
  • 32 machines + 2am licence

JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of The Portside Tavern located 2.5 hours north of Adelaide in the heart of Port Pirie, home to South Australia’s second largest port and one of the most rapidly developing regional towns.

• Hotel features an extensively upgraded bistro operating under a ‘Caffe Primo’ franchise, large lounge room & bar, gaming room & bar, newly opened 'Craft & Gin Bar', first floor nightclub and manager’s residence
• 32 gaming machines (with permit for 40)
• Strong return, circa 16%* yield
• Land area of 1,216sqm* / GBA of 1,702sqm*
• Regional Centre Zone
• Consistent annual trade with genuine scope for growth
• Positive growth for township including the $24m redevelopment of the Memorial Oval Precinct, $660m transformation of the Nyrstar Smelter, recently announced Bungama Solar farm development and Pirie Meats announcing their upcoming $60m abattoir facility
• Late 2:00am trading licence

*Approx.

For sale by Private Treaty

Property Highlights

Property ID2015526162
Floor AreaAsk Agent
Land Area1,261 m²
ParkingOn street parking
Annual ReturnAsk Agent
AvailabilityAsk Agent
Category
Last updated  15 Aug 2019
Map for 96 Ellen Street Port Pirie SA 5540
JLL - Hotels & Hospitality Group
Level 25, 420 George Street Sydney NSW 2000

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