Hotel/Leisure
ID 90957UpdatedSaleNew Whyalla Hotel
10 Gowrie Avenue
Whyalla Playford, South Australia, 5600
Please contact us for price
- Size4,599 SQM
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
Ben Parkinson
Managing Director - SA
Agent details
- Description
- Building Information
- Location
- Agents
Description
Regional SA gaming hotel
JLL Hotels & Hospitality is pleased to present for sale the leasehold interest in the New Whyalla Hotel, located on the shores of the Upper Spencer Gulf, the gateway to South Australia’s spectacular Eyre Peninsula.
The New Whyalla Hotel offers a full suite of hospitality and entertainment facilities comprising F&B, gaming, accommodation and function spaces.
Providing genuine future upside to an incoming operator, an exceptional opportunity exists to acquire a multi-faceted South Australian gaming hotel in the heart of a major regional hub.
Key highlights include:
* Multi-faceted operation comprising F&B, gaming, accommodation and functions
* Long term lease of 48 years (including options) with 3% fixed annual rental increases
* Includes 32 valuable gaming machines with approval for 40
* Licensed to 2am with generous patron capacity of 900
* Enjoying recent revenue growth with favourable revenue split drawn from gaming and bar sales
* Current bottle shop licence provides the opportunity for further growth by reinstating unutilised bottle shop
* High exposure corner site benefitting from its proximal location to Whyalla’s famous jetty and foreshore precinct.
For sale via Private Treaty.
For further information on this opportunity, please contact the exclusive selling agents.
JLL Hotels & Hospitality is pleased to present for sale the leasehold interest in the New Whyalla Hotel, located on the shores of the Upper Spencer Gulf, the gateway to South Australia’s spectacular Eyre Peninsula.
The New Whyalla Hotel offers a full suite of hospitality and entertainment facilities comprising F&B, gaming, accommodation and function spaces.
Providing genuine future upside to an incoming operator, an exceptional opportunity exists to acquire a multi-faceted South Australian gaming hotel in the heart of a major regional hub.
Key highlights include:
* Multi-faceted operation comprising F&B, gaming, accommodation and functions
* Long term lease of 48 years (including options) with 3% fixed annual rental increases
* Includes 32 valuable gaming machines with approval for 40
* Licensed to 2am with generous patron capacity of 900
* Enjoying recent revenue growth with favourable revenue split drawn from gaming and bar sales
* Current bottle shop licence provides the opportunity for further growth by reinstating unutilised bottle shop
* High exposure corner site benefitting from its proximal location to Whyalla’s famous jetty and foreshore precinct.
For sale via Private Treaty.
For further information on this opportunity, please contact the exclusive selling agents.
Location
Agents
Will Connolly
Senior Vice President - Hotel Investment Sales - Pubs
Agent details
Ben Parkinson
Managing Director - SA
Agent details