Darling Harbour/Pyrmont Pub, 16 year Leasehold

Price: $849,990 Location: Sydney City, NSW Ref: 4875907
Agent:
John Emmery
Agent Phone:
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Business Headline :
Darling Harbour/Pyrmont Pub, 16 year Leasehold
Price :
$849,990
Category :
Leisure/Entertainment, Food/Hospitality, Hotel, Bars/Nightclubs, Alcohol/Liquor
Full Description :

Darling Harbour Pyrmont Pub, Hotel Licence held by Lessee

Available exclusively by the ABBA Group.

Prime Positioned in a Tourist corridor between two of Sydneys prime iconic destinations, Darling Harbour and Star Casino.

-Full Hotel Licence operating past midnight

-Attracting local residents and the business community (Google-, Fairfax Media, Channel 7)+ massive passing tourist trade

-Lease + options until October 2035.-Rare: 2 Businesses in one, Licence owned by  Lessee and can possibly be sold to 3rd Party interest

-Booked out often for major events

-Restaurant inside / out – currently seats 150 / 20 (incl. smokers), although these can be increased.

-Live Music

– large functions catered for

-Cabaret Night (dinner show) every other Sat at 8 pm.

-Ready for new tenant to re-invent and take to next level

-Hotel on this site for 17 of last 19 years

-Over $200,000 in renovations in last 18 months incl. new kitchen equipment

-Holds Poker Machine Licence, requiring entitlements

– ATM and CCTV

UPDATE – ANNOUNCEMENT BY CITY OF SYDNEY…

The City of Sydney has unanimously endorsed a plan to extend 24-hour trading across the inner city, in a bid to reclaim its status as a global city.

New late-night planning controls, proposed in November, will encourage 24-hour trading in inner city neighbourhoods and allow businesses and low-impact food and drink venues to trade up to 2am in local centres.

 The 24-hour hubs will be created at Barangaroo, Green Square and Waterloo. Small bars and restaurants in inner city Surry Hills, Pyrmont and Redfern will have trading hours extended to 2am.

To receive further information please complete the below registration: http://www.abbagroup.com.au/?p=4875907#enquire-now

To receive further information please complete the below registration: https://www.abbagroup.com.au?p=4875907#enquire-now

Annual Rent : $319,866 - Weekly Rent : $6,151

Annual Turnover : $2,097,764 - Weekly Turnover : $40,342

Annual Gross Profit : $1,608,565 - Weekly Gross Profit : $30,934

Annual Ebit : $308,362 - Weekly Ebit : $5,930

Premise : Leased

Lease Commencement : Nov 2015

Lease End : Oct 2020

Lease Option: 5 + 5 + 5 years

Current Outgoings pa: $8,620

Total Land Area : 580 Square Metres

Total Floor Area : 400 Square Metres

Total No of Parking : 2

Franchise : No

Approximate Stock Value : $15,000

Year Purchased : 2017

Year Established : 2015

Days Trading : 7

Staff Salaries : $705,714

Reason for Sale : Committed elsewhere

Location : Pyrmont

Business Potential : Lessee owns Licence / Market more actively as function venue / Operate Bottle Shop / Buy entitlements for poker machines

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