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Stunning absolute waterfront Mid-North Coast location, 3.5 hours* from Sydney, on an enormous 18,247sqm* allotment with over 200m* of river frontage
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Highly attractive, diversified and balanced revenue streams. Current average weekly revenues of circa $80,000* comprised of; $22,200* in bar, $24,800* in food, $10,100* in gaming and $19,500* in accommodation
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14 highly valuable, Band 2, Mid-Coast LGA, poker machine entitlements (in situ value of $9,100,000*)
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Operated under management, with significant scope for operational improvement from a more hands-on hotel focused management
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Underlying asset value of Land, Improvements and Gaming Licences eclipsing $15,000,000* (divestment value)
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Accommodation Features: 22 well-appointed 4 star units, luxury 3-bedroom owner’s holiday unit, swimming pool, and function room with capacity for over 100 guests
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Tavern Features: Public bar, designated TAB, Bistro, commercial kitchen, gaming room with 14 PME’s and waterfront beer-garden
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Strong local tourism market and captive resident customer base within the Harrington Waters Residential Estate
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Tavern and accommodation assets situated on separate titles with a combined 150* car parks
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