Blue Ribbon Hotel Opportunity in Western Sydney Heartland
The Town Tavern Shop Cw11/10 David Lane, Blacktown NSW 2148
EOI 05/06/24
RetailSize: n/a
On behalf of Ankura as Receivers and Managers appointed, HTL Property and Colliers are pleased to present Town Tavern, Blacktown for sale. A prominent and high-performing gaming venue, within a significant and prime location.
Investment Highlights:
- Tightly held and incredibly rare gaming centric Western Sydney leasehold
- Predictable cash flow with a highly profitable business mix across bar, gaming and wagering
- Consistent Top 200 gaming pub - ranked #174 for the Mar-24 quarter and widely considered to possess all the core trading attributes of a Top 50 gaming pub
- Only immediate pub and/or club competitor is the nearby Central Hotel which features a 3am liquor licence, 30 x gaming machines and was ranked #68 for the Mar-24 quarter
- 12:00 midnight liquor licence - business isn't reliant on 'extended late night' trading approvals rather it opens at 6am and enjoys 'early opener' trading approval
- Lessee owns liquor licence and 30 x gaming machines licences
- Town Tavern previously sat within a red zone LGA and now sits within an Amber zone SA2 - the business is protected by its ILGA classification with high barriers to entry for any new liquor licences and/or gaming approvals
- 308 sqm* tenancy area with a very simple, compact and wage efficient layout - can be operated by only two staff even during peak trading periods
- Flexible options for an incoming tenant - relocate the liquor licence and machines to the DA approved site or renegotiate a new lease with the Landlord (QIC)
- Has historically been operated under a very passive management model (for the last 14 years)
- Adjacent Blacktown Train Station, comprised with the Westpoint Shopping Centre and close proximity to the Warrick Lane precinct and proposed Blacktown Quarter Masterplan
- Outstanding macro investment fundamentals with only two pubs situated within the Blacktown CBD - one of the best ratios within Sydney
- Situated within the Blacktown LGA - one of Sydney's most highly lucrative gaming LGA's with 20/28 hotels consistently ranked within the states prestigious TOP 200
- Tenancy comprised within the Westpoint Shopping Centre - 4,378 car spaces arriving over 260+ speciality stores including anchor tenants such as Woolworths, Cokes, ALDI, Myer, Target, Big W etc
- Warrick Lane precinct - a largely dormant 3.5 hectare precinct envisioned to be modern mixed use development comprising commercial, retail, civic and residential uses.
- Blacktown Quarter - multi billion dollar Masterplan and partnership between the Blacktown City Council and Walker to revitalise the CBD creating 1,000 construction jobs and adding 4,500 permanent jobs, contributing $920 million annually to the city's economy.
The Town Tavern & 34-48 Flushcombe Road, Blacktown are available in-one-line or individually and are being offered For Sale by Expressions of Interest closing Wednesday, 5 June 2024 at 4pm (AEST).
For further information or to arrange an inspection, please contact the Colliers & HTL selling agents.
Note: All figures are approximate
^Subject to council approval
Investment Highlights:
- Tightly held and incredibly rare gaming centric Western Sydney leasehold
- Predictable cash flow with a highly profitable business mix across bar, gaming and wagering
- Consistent Top 200 gaming pub - ranked #174 for the Mar-24 quarter and widely considered to possess all the core trading attributes of a Top 50 gaming pub
- Only immediate pub and/or club competitor is the nearby Central Hotel which features a 3am liquor licence, 30 x gaming machines and was ranked #68 for the Mar-24 quarter
- 12:00 midnight liquor licence - business isn't reliant on 'extended late night' trading approvals rather it opens at 6am and enjoys 'early opener' trading approval
- Lessee owns liquor licence and 30 x gaming machines licences
- Town Tavern previously sat within a red zone LGA and now sits within an Amber zone SA2 - the business is protected by its ILGA classification with high barriers to entry for any new liquor licences and/or gaming approvals
- 308 sqm* tenancy area with a very simple, compact and wage efficient layout - can be operated by only two staff even during peak trading periods
- Flexible options for an incoming tenant - relocate the liquor licence and machines to the DA approved site or renegotiate a new lease with the Landlord (QIC)
- Has historically been operated under a very passive management model (for the last 14 years)
- Adjacent Blacktown Train Station, comprised with the Westpoint Shopping Centre and close proximity to the Warrick Lane precinct and proposed Blacktown Quarter Masterplan
- Outstanding macro investment fundamentals with only two pubs situated within the Blacktown CBD - one of the best ratios within Sydney
- Situated within the Blacktown LGA - one of Sydney's most highly lucrative gaming LGA's with 20/28 hotels consistently ranked within the states prestigious TOP 200
- Tenancy comprised within the Westpoint Shopping Centre - 4,378 car spaces arriving over 260+ speciality stores including anchor tenants such as Woolworths, Cokes, ALDI, Myer, Target, Big W etc
- Warrick Lane precinct - a largely dormant 3.5 hectare precinct envisioned to be modern mixed use development comprising commercial, retail, civic and residential uses.
- Blacktown Quarter - multi billion dollar Masterplan and partnership between the Blacktown City Council and Walker to revitalise the CBD creating 1,000 construction jobs and adding 4,500 permanent jobs, contributing $920 million annually to the city's economy.
The Town Tavern & 34-48 Flushcombe Road, Blacktown are available in-one-line or individually and are being offered For Sale by Expressions of Interest closing Wednesday, 5 June 2024 at 4pm (AEST).
For further information or to arrange an inspection, please contact the Colliers & HTL selling agents.
Note: All figures are approximate
^Subject to council approval
Inspections
No open inspections scheduled.
Send an enquiry
Contact Matthew Meynell to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Retail
Other Details
Maps and area information
Block information
No block information available
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
Sorry, overlays are not available for this address
Need more info? We've got you covered.
A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Enrolment areas for ACT public schools.
Property history
We couldn't find any history for this property.
See Blacktown's suburb profile
Blacktown suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
36 years
Population
50,961
Listing ID: 182493696. This listing has been viewed 0 times. It was first displayed on 03/05/2024 and last updated on 03/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.