The process was understood to have delivered strong interest from buyer groups which concluded with the successful sale to an interstate buyer.

At a glance Investment Highlights of the Creek Tavern include:

• Established suburban catchment located adjacent to (or as an extended part of) a Woolworth's anchored Shopping Centre and Service Station
• Year-on-year growth across all departments
• Owned interstate, operated under management
• The gaming room features the latest machine software
• Modern tavern, minimal Capex required and material depreciation benefits
• Site lends itself to a drive through bottleshop or large retail facility
• Facilities include: Sports bar, gaming lounge (40 EGM's), two dining areas, two DOSA's and two detached bottleshops with an opportunity for a third retail sale

Savills Hotels anticipate that the Pub market throughout the remainder of 2019 will continue to provide opportunities via strategic off-market transaction, portfolio mergers and acquisitions, large scale metropolitan acquisitions and on-market high profile campaigns.

For further information contact the brokering agent Leon Alaban of Savills Hotels.

Related Reading:

Grand Hotel in Cairns sold to Pelathon for $8.5m

Sydney pub Oxford Hotel Drummoyne sold to Arthur Laundy for $42m

Sydney pub Cambridge Tavern in Fairfield sold for $56m