Bars, Pubs and Clubs
CRESCENT HEAD l NSW
Ref: 5377517

Leasehold Hotel for Sale - Crescent Head Tavern

Stunning Mid-North Coast Leasehold Tavern

This modern Tavern is situated in a picturesque coastal township on the Mid North Coast of New South Wales.

The Tavern is an easy to manage single bar operation with an inviting outdoor area at the front of the building and only a stone throw from the beach and local caravan park with weekly revenue of $35,571 (Prior to the Government’s Enforced Coronavirus Temporary Closure). The are 4 active poker machines, as well as the Tavern’s bistro dining area, located within the main bar as well. Beneath the bar service area is a bottle shop and takeaway pizza operation which is very popular with locals and visitors.

The Leasehold has 19 years to run and the current Lessee has been very proactive with regards to the upkeep of the Tavern and a new operator will not have to outlay a cent when taking over.


CORONAVIRUS - COVID 19

IT SHOULD BE NOTED THAT SINCE THE GOVERNMENT’S ENFORCED CORONAVIRUS TEMPORARY CLOSURE OF LICENSED PREMISES ON MONDAY 23RD MARCH 2020 AT 12 NOON THE BAR, BISTRO AND GAMING DEPARTMENTS OF THE HOTEL HAVE BEEN CLOSED. HOWEVER THE BOTTLESHOP AND PIZZA TAKEAWAY DEPARTMENTS ARE STILL TRADING.

THE VENDORS WERE ON THE CUSP OF GOING TO MARKET JUST PRIOR TO THE RESTRICTIONS ON LICENSED PREMISES CLOSURES BEING ENFORCED BY THE GOVERNMENT ON THE 23RD MARCH 2020 AND DECIDED AT THE TIME TO HOLD OFF THE MARKETING UNTIL THE LOCKDOWN LAWS WERE LIFTED.

THE VENDORS NOW HAVE HAD A CHANGE OF MIND AND BELIEVE THAT THIS CLOSURE TIME NOW PROVIDES THE PERFECT OPPORTUNITY TO USE THE TIME PRODUCTIVELY AND FIND A NEW LESSEE WHO CAN FAMILARISE THEMSELVES WITH THE BUSINESS AND THE LOCAL AREA WITH THE CURRENT OPERATOR OFFERING TO STAY ON AT THE HOTEL UNTIL THE CLOSURE RESTRICTIONS ARE LIFTED.

For more information on this property or to arrange an inspection which must be STRICTLY booked with our office.



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Price: Leasehold $750,000 + SAV
Manenti Quinlan & Associates
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Australian enquiry? Yes No

Broker : Leonard Bongiovanni
Phone: 02 9744... (click to show)
Mobile: 0403 022... (click to show)
Fax: 02 9745... (click to show)
Address:
Suite 101, Level 1, 74-76 Burwood Road
Burwood, NSW, 2134


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