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Engadine 1/36-50 Station Street

Contact Agent

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Engadine Tavern & Development Site

Highland Commercial in conjunction with HTL Property is pleased to offer for sale the Engadine Tavern and adjoining sites which represents an outstanding opportunity to acquire a large format freehold hotel with development upside.

Investment highlights of these businesses and properties includes:

‐ Landmark suburban freehold hotel with genuine and tangible development upside (STCA)
‐ Well diversified revenue base currently generating in excess of $7,000,000* pa
‐ 26 x gaming machines - average ranking of #415 over last four quarters (green zone SA2)
‐ Expansive two level trading footprint with large patron capacity and high ratio of revenue producing space - scope to activate first floor with new food and beverage proposition
‐ Virtually unopposed in terms of competition with exclusive trade catchment area – 'under-pubbed' area with approximately 40,000 surrounding residents
‐ Strategic 3,604 sqm* land holding across 5 titles - flexible redevelopment options (STCA) via B3 commercial core zoning, 20 metre height approval and FSR 2:1
‐ Adjoining retail tenancies delivering passive rent of $162,784 + GST per annum
‐ Strong residential growth within the Engadine Town Centre with recent developments including
‐ Hermitage Apartments (64) and Gallery Apartments (115)
‐ Close proximity to Engadine Town Centre Shopping Centre and major retailers such as Coles, Woolworths, ALDI, IGA & Dan Murphy's

For more information or to arrange a viewing, please contact Andrew Highland on 0410 681 773 or Luke Barbuto on 0419 214 850 from Highland Property, or Sam Handy 0412 590 509 or Dan Dragicevich 0420 973 094 from HTL.

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Agents

Luke Barbuto

Partner - Head of Projects & Commercial

lbarbuto@highlandprojectmarketing.com.au

0419 214 850

02 9523 4333

David Highland

Founder & CEO

david@highlandproperty.com.au

0405 735 735

02 9523 4333

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