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12% cap rate (before negotiation) on this no-brainer coastal Freehold Going Concern Hotel in ever-growing mixed generational seaside locale.
With no outdoor gaming solution as yet in place there is substantial upside in this offering with its 12 EGMs and the early open option on the licence.
Substantial land size of 1787m2, on-site parking and room for future development (stca), this 2 storey local icon also has 19 very popular pub rooms and a fully self-contained 2 bedroom residence (currently income producing).
CCTV with 25 cameras, newly renovated bistro and bar and huge covered beer garden with performer's stage currently under-utilised. New coolrooms, plant & equipment and A/C after a 2017 fire, sees the back end of the pub sparkling new.
Astute publicans to the front of the line please!