Engadine Tavern & Development Site, 36-50 Station Street,
Engadine, NSW 2233

- Landmark suburban freehold pub with genuine and tangible development upside
- Well diversified revenue base currently generating in excess of ~$7,000,000 per annum
- 26 gaming machines – Band 1 LGA with scope to increase to full complement of 30 machines
- Ranked #415 on average over last four gaming quarters (ILGA Gaming Report)
- Expansive two level trading footprint with large patron capacity and revenue producing space - scope to activate first floor beer garden (STCA)
- Adjoining retail tenancies delivering passive rent of ~$165,000 + GST per annum
- Strategic 3,604 sqm* land holding across 3 separate sites and 5 separate titles - scope to acquire and amalgamate additional adjoining sites
- Flexible redevelopment options – B3-Commercial Core, 20 metre height limit, 2:1 FSR ratio plus 75 metre frontage to Station Street
- Pre DA plans available for a mixed-use residential, retail and hotel redevelopment (STCA)
- Unopposed in terms of competition with exclusive trade catchment area – ‘underpubbed’ area with approximately 40,000 surrounding residents
- Strong residential demand and growth within the Engadine Town Centre with recent developments including Hermitage Apartments (64), Rise Apartments (30) and Gallery Apartments (115)
- Close proximity to Engadine Town Centre Shopping Centre and major retailers such as Coles, Woolworths, ALDI, IGA & Dan Murphy’s

*Approx.