A regional South Australian gaming hotel has come to market, providing the market an opportunity of genuine scope to both local and interstate operators. The Leasehold Interest of the New Whyalla Hotel is being exclusively offered for sale via JLL’s Will Connolly and Ben Parkinson via Private Treaty.

Located on the shores of the Upper Spencer Gulf, the gateway to South Australia’s spectacular Eyre Peninsula, the New Whyalla Hotel presents as an ideal fit to both existing and new entrants to the hotel industry with the benefits of a long term 48 year lease (with options) along with it’s full suite of hospitality and entertainment facilities including F&B,gaming, accommodation and functions spaces.

Presenting as one of this year’s first opportunities to market within the South Australian pub sector, Will Connolly, Senior Vice President of JLL Hotels, expects interest from a balanced mix of both regional and metropolitan operators; “our market is eagerly awaiting opportunities to become available, with our team now in regular conversations with hoteliers nationally regarding their acquisition plans for 2024.”

“The New Whyalla Hotel presents as a worthy proposition for most, with current revenue growth, a strong regional location and a long term lease, we’re confident these factors and more will combine to an attractive option within a local market bereft of similar opportunities at present.”

Offered to market on behalf of it’s long term owners, the hotel provides key features such as 32 electronic gaming machines (with approval for 40 in total), public bar with TAB facilities, on-site accommodation, large family friendly bistro, complimented by a 2am Liquor licence and generous capacity of 900 patrons.

Incoming operators will also be benefited by a long term 48 year lease (including options), along with the future security of fixed annual rental increases of 3%.

The Leasehold Interest of the multi-faceted New Whyalla Hotel is for sale via private Treaty.

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Regional South Australia’s ‘New Whyalla Hotel’ for sale by JLL