Bexley North Hotel & Mixed-Use Development (STCA)

Key Investment Highlights:

• Landmark large format hotel with both compelling business and mixed-use redevelopment upside (STCA)
• Owned by the same family for the last 40 years – one of the last privately owned and operated Sydney pub assets of this scale and magnitude
• Generating ~$11,000,000 in annual revenues across bar, bistro, gaming, wagering, accommodation and retail liquor
• 24 hour liquor licence with 3 hour gaming shutdown – 15 x entitlements & 15 x permits
• Average NSW state gaming ranking of #98 over the last four quarters – all the core trading attributes of a TOP #50 gaming hotel
• Large trading footprint with numerous outdoor areas – almost half of the hotel underutilised and seldom traded
• Exclusive trading catchment and virtually unopposed in terms of pub and club competitors – adjacent Bexley North train station and ~150 space council car park
• Occupies a significant 4,236 sqm land holding with attractive and favourable imminent rezoning to MU1 Mixed-Use, 3.0 – 3.6 :1 FSR & 35m height
• Recent Gateway Determination by NSW Planning supporting plans for a two tower mixed-use development comprising hospitality, commercial, retail, residential and accommodation
• Undersupplied residential location with demand for high quality and integrated mixed-use offerings of this nature

*Being sold in conjunction with Colliers International

Closing

13 September, 2023 at 4PM