On the back of recent successes, the Stanford family has listed the last of the portfolio, in the Pub @ Rivo.
Located immediately adjacent to Riverstone train station and the proposed Riverstone town centre, the single level hotel enjoys multiple street frontages and is surrounded by major development projects.
Holding a 7,338sqm lot and 2am liquor licence, it offers a relaxing Lounge Bar, traditional sports bar featuring TAB, Keno, pool tables and live sports on big screen TVs, gaming room with 26 machines, bistro, expansive beer garden and bottleshop.
Marketing literature quotes annual revenues of more than $4.2 million across the mixed revenue streams.
The Pub provides upside opportunity via renovation, reconfiguration and refurbishment, and the gaming room, which has no CRT, also has only 16 of the machines in smoking solution.
It is expected to generate sale price north of $20 million.
“Riverstone as a Sydney suburb finds itself strategically positioned equidistant from the huge residential developments that dominate the North-West corridor, but also enjoys the downstream development benefit from major and proximate master planned communities such as Marsden Park, Vineyard, Box Hill and Schofields,” says HTL Property’s Dan Dragicevich, marketing the pub with colleague Andrew Jolliffe.
The agency was engaged to sell this final asset following the successful divestments of the Vineyard Hotel in early October, and Carousel Inn, sold to Solotel this month.
The Pub @ Rivo is for sale through a national Expressions of Interest campaign, concluding Wednesday, 8 December.
