Tightly held gaming centric leasehold within the North Sydney CBD – ‘hard asset’ value via licence and gaming machine ownership
Predictable and profitable cashflow generating ~$7,000,000* (ex GST) in annual revenues across bar, bistro, gaming and other
Delivering $143,341* (ex GST) in weekly revenues for H1 F25 – 55.46%* of this business mix derived by gaming department
Current base rent of ~$507,000* + GST which represents well below market rent ie 26.1%* of EBITDAR
2am liquor licence with 27 x gaming machines – scope to increase gaming machine holding to 30 given green zone SA2
Average ILGA gaming ranking of #304 over the last 12 months consistently ranked as the 3rd highest performing pub within the North Sydney LGA
Sale of the leasehold includes tenants ownership of the liquor licence and 27 x gaming machine entitlements – held-together in-situ value of $10,125,000*
Efficient two level trading footprint and ‘pound for pound’ one of the strongest performing pubs within the North Sydney CBD & wider LGA
Literally across the road from the North Sydney train station – Sydney’s 11th busiest train station with 54,000* passenger movements every day