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196 Grenfell Street, ADELAIDE SA 5000
Prop ID: 256666
INTEREST
CROWN AND ANCHOR HOTEL
196 Grenfell Street, ADELAIDE SA 5000
Building Area:
596 m²
Land Area:
418 m²
Occupancy:
vacant possession
Parking Spaces:
Abundant surrounding public carparking.
EOI Close Date:
6/06/2008 4:00:00 PM
Delivery Address:
Level 2, 50 Hindmarsh Square, Adelaide SA 5000
The Crown and Anchor, a long established successful hotel, offers two levels and an outdoor area. The owners of the property and business have invested significantly in improvements to property and business to ensure consistent trading. The property is located in a pivotal position for redevelopment at some stage. Buyers can explore this option now or alternatively continue trading from the hotel until development options are finalised.
The hotel trades consistently through its bar areas at ground floor spilling out to covered outdoor areas along Grenfell Street. The first floor is currently open on Friday and Saturday nights and is also popular for booked functions, particularly theme nights and birthdays. The ground floor comprises a foyer area accessed from Grenfell Street, front bar and male and female toilets, coolroom, keg room and small basement area for keg storage.
The ground floor also houses a band room which is utilised as a venue for live entertainment at least 4 nights per week. The first floor level comprises large function rooms with an open fireplace, with access to the balcony area and male and female amenities.
Expressions of Interest will be considered for:
1. WIWO including all Land and Buildings, Business and Goodwill
2. Leasehold sale
3. Freehold (Land and Buildings only) subject to a negotiated lease.
Expressions of Interest close at 4pm on Friday 6th June 2008.
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To:
Savills (SA) Pty Ltd, Adelaide
Subject:
Property for interest - ID 256666
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or advice. Whilst the information has been published in good faith, CRE makes no representations or
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