Bay Hotel, Motel & Shopping Centre

• Landmark large format coastal pub – owned and operated by the same family for the past 35 years*
• Protected and secure cash flow generating annual revenues of ~$15.5* million across bar, bistro, gaming, wagering, retail liquor and accommodation
• 2am liquor licence with ‘early opener’ trading approvals and 30 x gaming machines attached
• Ranked #240 for the Mar-24 quarter – consistently ranked as the #1 performing gaming pub within the Lake Macquarie LGA
• 21 x motel accommodation rooms with manager’s residence, in-ground pool and tennis courts
• Sale includes the adjoining Bay Shopping Centre – a dominant and high performing neighbourhood shopping centre
• Passive net income of $1,450,000* (+ GST) underpinned by a long and secure lease to Coles (ASX:COL) and 23 x additional speciality retailers
• Sale also includes a vacant parcel of land with DA Approval for 10 x townhouses – occupancy driven by the nearly completed Cedar Mill Amphitheatre
• Combined landholding of 44,911* sqm across the pub, shopping centre & vacant land – 392* metre frontage to Fishery Point Road
• Strong population growth and demand drivers for the catchment driven by Trinity Point master plan in combination with Cedar Mill master plan
• Cash flow and landholding will be attractive to hoteliers, investors, developers and/or landbankers alike

*Approx.