Daniel Dragicevich and Sam Handy of CBRE Hotels have been exclusively appointed to steer the campaign, which has been timed to capitalise on current market conditions and the unprecedented undersupply of quality freehold gaming hotels in Sydney.

CBRE National Director Daniel Dragicevich said; “AAA gaming pubs are seldom offered to the market and we anticipate there will be very strong interest in both of these hotels which boast irreplaceable core trading attributes and present compelling upside for an incoming operator.”

Mr Dragicevich added; “Just three genuine Top 200 gaming hotels have transacted over the course of 2016 and there is expected to be very limited availability of pubs in the gaming segment in the foreseeable future. A large proportion of these hotels are in the hands of corporate, institutional or portfolio publicans who are unlikely to have a genuine propensity to sell these assets down in the short to medium term.”

Uncle Bucks Hotel is located on a 5,640sqm site within the main retail and commercial precinct of Mount Druitt. The site offers future mixed used redevelopment potential subject to the relevant planning approvals underpinned by its B4 mixed-use zoning, 32m building height approval and attractive FSR ratio of 3:1.

The hotel adjoins Westfield Shopping Centre which receives over 12 million visitations per year with other precinct demand drivers such as Mount Druitt Hospital, Western Sydney TAFE, Mount Druitt train station and numerous council car parks also nearby.

The hotel features a 24-hour liquor licence with ‘early opener’ flexibility, 27 gaming machines and is surrounded by some of the state’s best gaming hotels, with its immediate competitors being ranked 51st, 64th and 73rd on the TOP 200 listing.

Uncle Bucks is also just a short drive from the Rooty Hill RSL Club, which delivers in excess of $1 million in gaming net profit per week. Adjoining the hotel are 10 retail tenancies across 2,893sqm of net lettable area, which deliver a passive gross income of $611,472 per annum.

The Ambarvale Hotel is strategically positioned on a 7,200sqm site with surplus land flexible zoning. The hotel is proximate to the Greater Macarthur Priority Growth Area which is expected to deliver up to 33,000 new homes via a staged land release in the surrounding areas of Mount Gilead, Menangle and Appin. It is widely considered that the hotel is ripe for significant growth under the operation of an astute incoming purchaser.

CBRE Director Sam Handy suggested; “We are currently in the midst of a ‘perfect storm’, with genuine market buoyancy being driven by a combination of undersupply, robust trading conditions, debt liquidity and the current low interest rate environment. This buoyancy has permeated all buyer segment levels, particularly the top end of the market where we’ve seen several purchasers’ investment strategies align in unison.”

The assets will be offered for sale individually or in one line with the Expressions of Interest campaign scheduled to commence this week.