JLL Hotels & Hospitality Group is delighted to offer for sale the freehold going concern interest in The Broken Hill Pub.
JLL Hotels & Hospitality Group is delighted to offer for sale the freehold going concern interest in The Broken Hill Pub.
The Broken Hill Pub is undoubtedly the best pub in the town and occupies a 1,827sqm corner block at the intersections of Oxide and Argent Streets. The venue serves as an excellent platform for an experienced hospitality operator to enjoy immediate trade with the pub having impressive bar, dining and function areas. Affectionately known as ‘The BHP’ the popular venue comes to market following a multi-million-dollar renovation. The vendors have exclusively engaged JLL Hotels Executive Greg Jeloudev and colleague Kate MacDonald to offer the venue for sale for an Expressions of Interest process.
The Broken Hill Pub is predominantly a food and beverage-based business that has recently been repositioned as a quality gastro venue. Weekly trade currently shows $61,000 in total sales with this figure continuing to grow. The pub infrastructure includes expansive ground and first floor operating areas which include multiple bars, dining areas and expansive beer garden. The first floor includes an impressive balcony that can serve as additional outdoor dining or function space. There is further upside to be realized with the creation of accommodation rooms, including the completion of a presidential suite. These first-floor areas remain in original condition and provide a blank canvas for a creative eye.
Situated in the far west of NSW, Broken Hill is known as ‘The Silver City’ due to the strong mining economy in the region. The city has been bestowed as Australia’s first heritage-listed city for its outstanding value to the nation. Broken Hill is rich with art and is backdropped by a rocky red earth that is iconic to the Australian outback. There is also strong tourist trade in the city as it is a focal point for Western NSW.
Mr Jeloudev cites the impressive building, immediate incoming trade and accommodation upside as a lucrative proposition for an experienced hospitality operator.
“The scale and presentation of The BHP is truly something to behold. There is a fantastic opportunity to enjoy immediate income from this impressive asset with further upside to be created via an accommodation offering. The BHP would certainly be a fantastic addition to any hospitality/real estate portfolio and an inspection will certainly not disappoint,” Mr Jeloudev noted.
The freehold going concern interest in the Broken Hill Pub is being offered for sale via Expressions of Interest closing Thursday 28 July at 4pm, if not sold prior. To receive a copy of the information memorandum, contract of sale, or to arrange an inspection all interested, parties are to contact the exclusively appointed agents.
For more information contact the agents below.