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
