The Walker family has begun an on-market sale campaign on the large-format Doonside Hotel, in fast-growing western Sydney heartland.
The pub resides on a significant 7,278sqm lot, around a block from Doonside Train Station and retail strip. It provides public bar, gaming room, upstairs accommodation and a drive-through bottleshop.
Its 14 recently refurbished first floor rooms are said to generate in excess of $4k weekly revenue, and the gaming operation, comprising 26 machines in Band 2, is currently ranked #143 and consistently in the top 200.
Across departments, the Hotel averages weekly revenue of more than $170k.
Doonside is approximately 34 kilometres west of the Sydney CBD and part of Blacktown Local Government Area, deemed the largest LGA in NSW, with a rapidly growing population and diverse business hub.
Projected to grow from 415k to 645k residents by 2041, the LGA is slated for enhanced amenity, including a $3bn commercial development pipeline and major CBD redevelopment.
Peter Walker bought the Hotel from Redcape in mid-2018 for $21 million. The family also holds the deeds at the nearby Adam’s Tavern in Blacktown and Quakers Inn in Quakers Hill.
Reportedly looking to scale back going concern hospitality interests, the private family stakeholders have been shopping it around for a while off-market.
They have now elected to run a public campaign through JLL Hotels’ Ben McDonald, Kate MacDonald and John Musca, who anticipate “unsatisfied capital” in what is still a hot market, particularly for comparable opportunities of scale in the wake of ongoing consolidation.
“Doonside Hotel offers potential suitors a fantastic opportunity to capitalise on what is a rare and fundamentally strong trading hotel,” notes McDonald.
The freehold going concern of the Doonside Hotel is being sold via Expressions of Interest, closing Thursday, 8 June.
