Award-winning Margate dining and functions operation The Golden Ox for sale - Savills
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Award-winning Margate dining and functions operation The Golden Ox for sale - Savills
The Golden Ox has serviced Margate and the Redcliffe Peninsula for over 4 decades. For sale by expressions of Interest campaign through Joseph Ganim and Daniel Pepper of Savills.
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Savills
Savills have been exclusively retained to present the on-market, freehold going concern sale of longstanding Margate hospitality operation, The Golden Ox.
The Golden Ox has serviced Margate and the Redcliffe Peninsula for over 4 decades, boasting award winning dining and year-round weddings and other functions.
Source: Savills
Speaking to The Hotel Conversation, Joseph Ganim said, “This is an award-winning, 40+ year Food & Beverage and functions operation with commercial tavern and gaming license. Positioned in a dense local catchment with main road frontage, the property includes approved DA plans for tavern conversion.”
Source: Savills
The venue presently comprises a restaurant, bar and extensive function facilities including the Regency Room and Grande Room. There’s also an adjoining outdoor garden area used for wedding ceremonies and receptions, and other corporate and social functions.
The property encompasses an approximately 1,831sqm block with three street frontages, situated on the corner of McCulloch Avenue and Bank Street with a wide frontage to Oxley Avenue. Access to the on-site car park is located off Bank Street.
Source: Savills
Approvals have been granted by the Office of Liquor and Gaming Regulation for a Commercial Hotel Licence and Gaming Machine Licence (allowing up to 45 machines). As part of this approval, the Office of Liquor and Gaming Regulation have approved plans to convert the current layout of the venue to accommodate these licences.
Located in the District centre precinct of Margate, the property boasts a generous zone code allowing for a multitude of development or conversion opportunities for incoming buyers. Current uses approved under the plan include but are not limited to medical, childcare, full-line supermarkets, discount department stores, office and multi storey medium density residential.
Margate is located within the Moreton Bay Region, a diverse area that spans more than 2,045 square kilometres between Brisbane City and the Sunshine Coast. Benefitting from its proximity to the Brisbane CBD, population growth in the area is forecast to grow a further 40% to 690,000 people by 2041.
To request a copy of the Information Memorandum please email either of the Savills marketing agents Joseph Ganim or Daniel Pepper via the contact form below.
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