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Pubs & Taverns

Newport Social Club

1 Mason Street , Newport, VIC

Home Assets For Sale Pubs & Taverns Newport Social Club

Pubs & Taverns

Newport Social Club

1 Mason Street , Newport, VIC

EXPRESSION OF INTEREST |
Closing: 16 October 2024, 3PM

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  • Leased to the Williamstown Football Club since 1997 and operated under a management agreement to leading hospitality/gaming operators Francis Venues
  • Williamstown Football Club: to highly successful VFL/VFA, with history trailing back to 1864 and including 16 premierships (1)
  • Francis Venues: A national hospitality/club powerhouse operator with over 30 years of experience and 600+ current staff (2)
  • Rare and attractive investor net lease terms, with the tenant paying all outgoings including single-holding land tax
  • Valuable 66 licensed gaming machine entitlements to 2042 with strong and consistent trading figures over the last three consecutive decades
  • Planned $1 million capital fit-out upgrades to be undertaken and paid by the tenant, further strengthening the operation
  • High profile city fringe location, seeing over 22,000 vehicles passing daily and strategically positioned at the entrance of Newport Train Station with over 500,000 annual visitors. (3)
  • Newport is in part of the $10 billion West Gate Tunnel Project; The project aims to improve access to Newport/Williamstown and the whole of Melbourne’s West End and increase traffic flow in the area (4)
  • Newport: Affluent inner western suburb with a median house price of $1,235,000 (5)
  • Hobsons Bay City Council: Over the FY 2022/23, building approvals have surged to more than $1.17 billion, reflecting a 134% increase compared to the previous year, in response to the city’s growing population (6)
  • Net Income: $850,000 pa* + GST
*Approximately
(1) Williamstown Football Club
(2) Francis Venues
(3) GapMaps
(4) Victoria’s Big Build
(5) realestate.com.au
(6) REMPLAN

Closing

16 October, 2024 at 3PM

Agent Details

Pubs

Daniel Dragicevich

National Director

0420 973 094 Contact Daniel
HTL-Property-Andrew-Jolliffe

HTL

Andrew Jolliffe

Managing Director

0438 733 447 Contact Andrew

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