White Cockatoo Hotel For Sale by HTL Property

HTL Property is proud to present to market local Sydney Inner West favourite, the White Cockatoo Hotel.

Occupying a prominent 700m2* site, and directly adjacent Petersham train station, the well-known hotel is spread across three levels; with the hotel producing in excess of $125,000 in weekly, well diversified, revenue.

Reilly Group have had the keys to the venue since 2016 and have, in that time, injected over $3m into the operations and base building, reinvigorating the expansive bistro and public bar areas – as well as activating the rear courtyard beer garden and kid’s area.

Petersham itself has enjoyed a period of significant growth in recent times – with Deicorp’s vertical development of 357 apartments only 100m from the doors to the Cockatoo; adding increased density to its already strong customer base.

With 19 accommodation rooms spread across the upper levels, and 8 GME’s on the licence (but currently leased out), the incoming operator is poised to enjoy over $400,000 is passive income.

“The White Cockatoo represents all that is good about traditional community pubs – a well-appointed public bar, great food, multiple outdoor areas, and of course the ability to facilitate patrons and families of all ages” added HTL Property Director, Blake Edwards.

“There has been a noticeable shift in recent times with many groups looking to inject additional F&B trade into their portfolios, of which the White Cockatoo, would cater for perfectly” stated HTL Property National Director, Dan Dragicevich.

The sales campaign comes off the back of HTL’s strong recent sales of the Rose Shamrock & Thistle in Paddington and the Town Hall Hotel in Balmain; both of which represented opportunities to activate trade without gaming machines, were keenly sought after and attracted premium prices.

“The venue has been impeccably maintained by the Reilly Group and provides a potential purchaser with day one cash flow and limited capex requirements. Given construction costs in today’s market, this aspect of any investment opportunity is something the market looks at closely” concluded HTL Property Director, Sam Handy.

The White Cockatoo Hotel is exclusively being sold by HTL Property and is for sale by an Expression of Interest closing Tuesday 9th September.

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