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Pubs & Taverns

Town Tavern

Westpoint Shopping Centre - Shop CW11/10 David Lane , Blacktown , NSW

Pubs & Taverns

Town Tavern

Westpoint Shopping Centre - Shop CW11/10 David Lane , Blacktown , NSW

EXPRESSION OF INTEREST |
Closing: 5 June 2024, 4PM

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On behalf of Ankura as Receivers and Managers appointed, HTL Property and Colliers are pleased to present Town Tavern, Blacktown for sale. A prominent and high-performing gaming venue, within a significant and prime location.

Investment Highlights:

  • Tightly held and incredibly rare gaming centric Western Sydney leasehold
  • Predictable cash flow with a highly profitable business mix across bar, gaming and wagering
  • Consistent Top 200 gaming pub – ranked #174 for the Mar-24 quarter and widely considered to possess all the core trading attributes of a Top 50 gaming pub
  • Only immediate pub and/or club competitor is the nearby Central Hotel which features a 3am liquor licence, 30 x gaming machines and was ranked #68 for the Mar-24 quarter
  • 12:00 midnight liquor licence – business isn’t reliant on ‘extended late night’ trading approvals rather it opens at 6am and enjoys ‘early opener’ trading approval
  • Lessee owns liquor licence and 30 x gaming machines licences
  • Town Tavern previously sat within a red zone LGA and now sits within an Amber zone SA2 – the business is protected by its ILGA classification with high barriers to entry for any new liquor licences and/or gaming approvals
  • 308 sqm* tenancy area with a very simple, compact and wage efficient layout – can be operated by only two staff even during peak trading periods
  • Flexible options for an incoming tenant – relocate the liquor licence and machines to the DA approved site or renegotiate a new lease with the Landlord (QIC)
  • Has historically been operated under a very passive management model (for the last 14 years)
  • Adjacent Blacktown Train Station, comprised with the Westpoint Shopping Centre and close proximity to the Warrick Lane precinct and proposed Blacktown Quarter Masterplan
  • Outstanding macro investment fundamentals with only two pubs situated within the Blacktown CBD – one of the best ratios within Sydney
  • Situated within the Blacktown LGA – one of Sydney’s most highly lucrative gaming LGA’s with 20/28 hotels consistently ranked within the states prestigious TOP 200
  • Tenancy comprised within the Westpoint Shopping Centre – 4,378 car spaces arriving over 260+ speciality stores including anchor tenants such as Woolworths, Cokes, ALDI, Myer, Target, Big W etc
  • Warrick Lane precinct – a largely dormant 3.5 hectare precinct envisioned to be modern mixed use development comprising commercial, retail, civic and residential uses.
  • Blacktown Quarter – multi billion dollar Masterplan and partnership between the Blacktown City Council and Walker to revitalise the CBD creating 1,000 construction jobs and adding 4,500 permanent jobs, contributing $920 million annually to the city’s economy.

 

The Town Tavern & 34-48 Flushcombe Road, Blacktown are available in-one-line or individually and are being offered For Sale by Expressions of Interest closing Wednesday, 5 June 2024 at 4pm (AEST).

For further information or to arrange an inspection, please contact the Colliers & HTL selling agents.

Note: All figures are approximate

^Subject to council approval

Closing

5 June, 2024 at 4PM

Agent Details

Pubs

Daniel Dragicevich

National Director

HTL-Property-Andrew-Jolliffe

HTL

Andrew Jolliffe

Managing Director

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