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JLL - Hotels & Hospitality Group
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The Portside Tavern, 96 Ellen Street Port Pirie, SA 5540

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For Sale

The Portside Tavern, 96 Ellen Street Port Pirie, SA 5540

Hotel & Leisure
Sale Price

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Land area

1261.0m²

Floor area

1216.0m²

Tenure type

Vacant Possession

Prime gaming opportunity in coastal region, circa 16% yield

  • Freehold going concern
  • Consistent annual trade
  • 32 machines + 2am licence
JLL Hotels & Hospitality Group is delighted to present to market the Freehold Going Concern opportunity of The Portside Tavern located 2.5 hours north of Adelaide in the heart of Port Pirie, home to South Australia’s second largest port and one of the most rapidly developing regional towns.

• Hotel features an extensively upgraded bistro operating under a ‘Caffe Primo’ franchise, large lounge room & bar, gaming room & bar, newly opened 'Craft & Gin Bar', first floor nightclub and manager’s residence
• 32 gaming machines (with permit for 40)
• Strong return, circa 16%* yield
• Land area of 1,216sqm* / GBA of 1,702sqm*
• Regional Centre Zone
• Consistent annual trade with genuine scope for growth
• Positive growth for township including the $24m redevelopment of the Memorial Oval Precinct, $660m transformation of the Nyrstar Smelter, recently announced Bungama Solar farm development and Pirie Meats announcing their upcoming $60m abattoir facility
• Late 2:00am trading licence

*Approx.

For sale by Private Treaty

Property ID: 503295642Last Updated: 16 Aug 2019

JLL - Hotels & Hospitality Group
The Portside Tavern, 96 Ellen Street
Port Pirie, SA 5540
Will Connolly
John Musca

JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000

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JLL - Hotels & Hospitality Group

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JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000
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Will Connolly

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Will Connolly
JLL - Hotels & Hospitality Group
The Portside Tavern, 96 Ellen Street Port Pirie, SA 5540

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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