Leading Melbourne Pub Family Continue the March North

HTL Property, in concert with our conjunction agent friends at JLL, is very pleased to announce the sale of Sydney’s Wattle Grove Hotel on behalf of its valued client, Redcape Hotel Group.

“We wish Tom and Francis Venues all the best as they continue their expansion into the NSW market and are confident they will continue to prosper with the Wattle Grove Hotel along with Kings Head. These transactions position Redcape well to continue the execution of our strategy as the broader pub sector continues to perform well” advised Redcape Managing Director, Chris Unger”.

“We are delighted that our client, Francis Venues, has continued its northbound incursion into NSW with the acquisition of the Wattle Grove Hotel; following our recent sale of the Kings Head Tavern to Tom Francis and his family” advised HTL Property National Director, Dan Dragicevich.

“The two hotel properties HTL Property sold to Francis Venues were done so on behalf of our client Redcape Hotel Group, and illustrate both the attractiveness of NSW hotels to the interstate buyer universe; as well as the materially improved investor sentiment pertaining to the asset class” concluded HTL Property Managing Director, Andrew Jolliffe.

Key investment highlights of the property include:

Rare suburban South-West Sydney freehold going concern Hotel

12:00 midnight liquor licence with 25 x gaming machines (18 PME + 7 PMP)

Ranked #314 for the Jun-24 quarter – surrounded by some of Sydney’s highest performing venues

Compact, efficient layout with minimal wages overheads

Consistent revenue base including the only retail liquor outlet in Wattle Grove

Virtually exclusive trading catchment

Attached to the Coles-anchored Wattle Grove Shopping Village – driving foot traffic and passing trade

End.