Darling Harbour/Pyrmont Pub, 16 year Leasehold REDUCED!
Darling Harbour Pyrmont Pub, Hotel Licence held by Lessee
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.
– 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 : $10,000
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
To enquire about this listing, please fill in the form below.