The evolving De Angelis group has put up its very large-format Bligh Park Tavern site in south Windsor, offering a strong business and major development opportunity.
The De Angelis family holds the titles to De Angelis Hotels & Investments (DHI), counting major operations at Burwood’s Bath Arms, Campbelltown’s Macarthur Tavern, and more recently the Raby Tavern and shopping centre, bought last year from the Walker family.
Family patriarch Arch De Angelis says the Windsor pub has become less in line with the group’s plans.
“Our family has had the Bligh Park Tavern for the last 18 years and have thoroughly enjoyed our association with the area during this time.
“Nonetheless, our portfolio has recently expanded, mostly focused around south-west Sydney, and whilst we firmly believe in the Bligh Park Tavern story, it is for us a bit of a geographic outlier.
“We look forward to what the next owner can bring to the hotel and area.”
Located in the upper region of Sydney’s north-west growth corridor, slated for 33,000 new homes and 250,000 residents in coming years, the Tavern occupies an oversize 14,647sqm site comprising the hotel, indoor sports centre, retail tenancies, large car park and vacant parcel of land.
The Tavern offers facilities including a beer garden and kid’s playground and shows strong bar, wagering and bottleshop trade, and gaming room with 21 machines, ranked #542 in the latest L&G figures. Annual revenue is reported at north of $4.38 million.
It is the only pub in South Windsor and Bligh Park, currently showing local population of more than 12,000 residents.
DHI has engaged HTL Property’s Dan Dragicevich, Andrew Jolliffe and Sam Handy to market the asset, with expectations of around $18 million for the hotel and vacant land.
“The Bligh Park Tavern represents an exceptional metro Sydney mid-market opportunity having all the trading levers astute operators search for in a hotel investment,” says Dragicevich.
Beyond the trading figures, the property is expected to appeal beyond the hotel industry, the underutilised block and zoning a potential future site for developments such as aged care, retail, medical centres or service stations.
“The Bligh Park Hotel uniquely offers astute developers and investors the opportunity to secure a development site encompassing a holding income, with the hotel either run under management or leased to an operator while redevelopment schemes are optimised for the site,” notes Jolliffe.
The freehold going concern of the Bligh Park Tavern is being sold via Expressions of Interest, closing by Wednesday 25 March.
