Engadine Tavern & Development Site

• Landmark suburban freehold pub with genuine and tangible development upside
• Well diversified revenue base currently generating in excess of ~$7,000,000 per annum
• 26 gaming machines – Band 1 LGA with scope to increase to full complement of 30 machines
• Ranked #415 on average over last four gaming quarters (ILGA Gaming Report)
• Expansive two level trading footprint with large patron capacity and revenue producing space – scope to activate first floor beer garden (STCA)
• Adjoining retail tenancies delivering passive rent of ~$165,000 + GST per annum
• Strategic 3,604 sqm land holding across 3 separate sites and 5 separate titles – scope to acquire and amalgamate additional adjoining sites
• Flexible redevelopment options – B3-Commercial Core, 20 metre height limit, 2:1 FSR ratio plus 75 metre frontage to Station Street
• Pre DA plans available for a mixed-use residential, retail and hotel redevelopment (STCA)
• Unopposed in terms of competition with exclusive trade catchment area – ‘underpubbed’ area with approximately 40,000 surrounding residents
• Strong residential demand and growth within the Engadine Town Centre with recent developments including Hermitage Apartments (64), Rise Apartments (30) and Gallery Apartments (115)
• Close proximity to Engadine Town Centre Shopping Centre and major retailers such as Coles, Woolworths, ALDI, IGA & Dan Murphy’s

*Approx.