The Freehold going concern of The Heathcote Hotel for sale by Savills Hotels

Located in the heart of Heathcote, on the corner of Veno Street & The Princes Highway the Heathcote hotel sits on a massive 7,220sqm footprint, presenting an all too rare opportunity for upside development.

The Heathcote Hotel for sale by Savills Hotels Nick Butler, Director Hotels Savills Australia and Tony Bargwanna National Director Hotels Savills Australia.

The traditional large format tavern trades with limited local competition and meets the needs of the locals; their sporting teams; as well as the significant passing traffic on the main thoroughfare.

The Hotel is a multifaceted business consisting of food & beverage, gaming, accommodation, and drive through retail liquor.

The expansive outlet boasts accommodation rooms, sports bar, beer garden, 15 valuable Poker Machine Entitlements, a single service ground floor bar, two separate dining spaces and a compact functional kitchen with adjacent cool room and dry stores.

Currently subject to a lease, the property is for sale on a freehold going concern basis, with the option of keeping the tenant in situ until the expiry of their lease in late 2023 said Mr. Tony Bargwanna.

Positioned on a major highway approximately 25km from the heart of Sydney, in the Sutherland Shire, the current owners have put together exceptional plans to add a boutique apartment development to the site subject to council approval commented Savills, Mr Nick Butler.

The yet to be submitted DA** proposal includes:

  • 37 x one-bedroom apartments
  • 72 x two-bedroom apartments and
  • 21 x 3 bedroom apartments.
  • 225 car spaces and 12 bike spaces.

Recent sales in Heathcote, as well as in the neighboring town of Engadine, confirm that demand far outweighs current supply.

Selling agents Nick Butler and Tony Bargwanna expect strong interest from hoteliers and developers.

Tony Bargwanna said “Rarely does such a large parcel of land with a hotel attached come to market in Sydney. The appeal of the Heathcote area, and the Sutherland Shire in general, is undeniable.”

When asked his thoughts on options for the hotel’s next owner, Butler said: “While some very detailed plans have been drafted by the hotel’s current custodians, the footprint lends itself to the imagination of developers, with the very attractive holding income of a tavern with numerous revenue streams. Recent sales of apartments in neighboring Engadine show the market to be very strong commented Mr. Butler. We anticipate a huge amount of interest from buyers recognizing the unique parcel of land” he said.

To request a copy of the Information Memorandum please contact one of the marketing agents Savills Hotels Nick Butler and Tony Bargwanna via the contact details below.

**subject to council and all necessary approvals.

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