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Pubs & Taverns

Five Islands Hotel

87-93 Five Islands Road, Cringila, NSW

Pubs & Taverns

Five Islands Hotel

87-93 Five Islands Road, Cringila, NSW

EXPRESSION OF INTEREST |
Closing: 25 May 2022, 12PM

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  • Profitable business mix with recent weekly revenues in excess of 135k per week
  • Predictable cash flow with stable and secure income across bar, bistro, gaming, wagering and accommodation
  • 24 hour liquor licence with 22 x gaming machines attached – strong profit per machine metrics
  • Has consistently traded with an average ranking of #325 since reopening – situated within the highly lucrative gaming catchment and surrounded by several high performing gaming rooms
  • Ownership profile of Wollongong LGA hotels includes some of the largest gaming operators in the state – Marlow Hotel Management, O’Hara Hotels, Endeavour Group, Redcape, Oscar’s Hotels etc
  • Recent $2.5 million* renovation, reconfiguration and refurbishment – limited capex to be spent
  • 2,314 sqm* site strategically positioned between coastal centres of Wollongong and Warrawong
  • 21 x well appointed pub style accommodation rooms plus on-site car park

*Approx.

Closing

25 May, 2022 at 12PM

Agent Details

Pubs

Daniel Dragicevich

National Director

HTL-Property-Andrew-Jolliffe

HTL

Andrew Jolliffe

Managing Director

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