Furthering the opportunity in Sydney’s south-east, Bob Tate and partners have listed the striking Glasshouse Hotel in Maroubra.
Joining the elegant and historic Botany Bay Hotel in Banksmeadow, further south on the peninsula, the Glasshouse Hotel prides itself as a local, offering “The brekky, the brunch, the long lunch … the business, the pleasure”.
Tate and partners have listed the freehold and leasehold, occupying a prominent corner position of 1,166 m² on bustling Anzac Parade.
The Hotel boasts a late licence, lounge, bistro and onsite parking. It has a Pub TAB, Keno, and dedicated gaming room that ranks #202 on the latest Liquor & Gaming list of NSW venues, courtesy of 24 gaming machines, in a smoking solution.
Less than 20 minutes’ drive from the Sydney CBD, Maroubra is part of the ‘inner south’ suburbs seeing the relentless march of densification, bolstered by its popularity as a world class beach*.
The Hotel is being marketed by Knight Frank’s Mike Wheatley and new team partner Kate MacDonald, who forecast considerable opportunity in the growth area.
“It is certainly one of the most uncomplicated operations we have seen in our experience, due to the layout and simple offering,” Wheatley noted to PubTIC.
“The ground floor gaming room can operate separately from the lower ground, with two employees, and one service area from the bar.
“We believe there is plenty of upside available for a savvy gaming operator, with potential to complement the ground floor VIP room with a lower-ground floor food/retail operation.”
The Glasshouse Hotel is for sale via an Expressions of Interest campaign – closing next Wednesday, 21 June.
*The name Maroubra comes from an Aboriginal word meaning ‘like thunder’ – in reference to the crashing waves.