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.