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Pubs & Taverns

Bay Hotel, Motel & Shopping Centre

330 Fishery Point Road, Bonnells Bay, NSW

Pubs & Taverns

Bay Hotel, Motel & Shopping Centre

330 Fishery Point Road, Bonnells Bay, NSW

SOLD

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  • 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.

Agent Details

Pubs

Daniel Dragicevich

National Director

HTL-Property-Andrew-Jolliffe

HTL

Andrew Jolliffe

Managing Director

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