Property Details Return to Listings

Pubs & Taverns
55-65 Elizabeth Street, Sydney, NSW

Sold

Verandah

Super-Prime Sydney Leasehold Hotel For Sale
  • 29 year lease (inc. options), over 1000m2* allotment with Castlereagh and Elizabeth Street frontages
  • Licenced hotel (3am) with bars, function spaces, large outdoor areas
  • Separate upmarket restaurant and wine bar with huge upside opportunity
  • High performing gaming room, 20 EGMs (1 PMP, 19 PMEs owned by Lessee), avg net per week $57,893* for FY16
  • Revenue $7.112million p.a.* for FY16, physically contracting competitor base
  • Thriving dining and entertainment precinct, below 60 Castlereagh

For Sale (Leasehold) by Expression of Interest Closing:
Thursday 16 March 2017 at 4:00PM (unless sold prior)

*Approximate

Building Area

land Area

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Ophir Tavern Sold Details