HTL Property is delighted to offer for sale the freehold going concern interest in the Area Hotel, Griffith.
Key investment considerations include:
- Under the same ownership since 2004 – 15 years
- Well-balanced revenue mix – generating $4.5 million* per annum
- 3am liquor licence – seldom traded past 1:00am
- 23 poker machines – only 12/23 currently comprised within a smoking solution
- Ranked #367 for Dec-18 quarter in OLGR’s gaming rankings
- Fourth best gaming room in the entire Riverina region
- Large 1,291sqm* site located within the main commercial/retail precinct of Griffith
- Strong growth and demand drivers for Griffith LGA i.e. airport, hospital, agriculture etc.
- Current population of 27,764* with only five pubs – excellent pub per capita ratio
For Sale by Expression of Interest closing on Thursday 4th April 2019 at 5pm