Clocktower Hotel, Grafton

• Immaculately presented, recently constructed modern brick building with very limited CAPEX or maintenance requirements.
• 1,221sqm* corner allotment in the commercial core of Grafton, located adjacent a significant council car park with over 250 parks and hundreds of daily commuters.
• Over 80.5m of street frontage with extremely high-foot traffic on Pound and Prince Streets.
• Balanced revenue model across several areas of trading, with approximate weekly revenues of $33,000 in Bar, $28,500 in Food, and $21,500 in Gaming in FY23. Representing annual revenues of circa $4,400,000.
• Asset includes: public bar, sports bar, gaming room, commercial kitchen, bistro, café and Grafton’s highest performing TAB.
• 18 highly valuable, band 3, Clarence Valley LGA Poker Machine Entitlements.
• Clear gaming upside presented by: introduction of a 100% smoking solution, trading later hours and trading Sundays, obvious hardware upgrades, improved access from the car park, and possibility of an extended trading authorisation (subject to approval).
• Longstanding history as a top #3 gaming venue in the Clarence Valley LGA.
• Highly desirable Northern Rivers locality presenting both economic and lifestyle opportunities.

*Approx.

Closing

5 October, 2023 at 4PM