Popular Sunshine Coast venue, Pig N Whistle, Maroochydore is being offered for sale by Jones Lang LaSalle Hotels' exclusive agents Paul Fraser and Lachlan Asprey.
The Pig N Whistle is prominently located on the waterfront in Maroochydore within the Sunshine Plaza shopping centre, providing a high level of foot traffic. The tavern comprises a public bar with outdoor seating, beer garden, bistro bar and a separate nightclub/function area with a separate bar.
The tavern is a well established business with solid net profits and presents as a good low cash entry point into the pub market. Paul Fraser, Manager – Pub Investment Sales said, 'We are anticipating strong interest in this asset due to its coastal location and price point. This asset has a strong established trading history and will appeal to someone looking for a lifestyle change in one of Queensland most sought after holiday locations, the Sunshine Coast.'
Lachlan Asprey, Manager – Pub Investment Sales noted, 'We are witnessing renewed investor confidence in the Queensland pub market. At the tail end of 2010 there was a strong level of interest in two leasehold business's in Brisbane (The GPO and Exchange), both of which successfully transacted.' He added, 'From this it is our view that in the current economic climate, leasehold hotel assets such as the Pig N Whistle are appealing to operators as they provide greater cash return on investment as well as lower capital requirements for an incoming purchaser wanting to establish themselves in the market.'
The Pig N Whistle is being marketed via an Expressions of Interest campaign closing 10 February 2011. Interested parties are asked to contact the marketing agents at Jones Lang LaSalle Hotels for further information.
Paul Fraser Lachlan Asprey
Tel: +61 7 3231 1406 Tel: +61 7 3231 1446
Mob: +61 401 100 350 Mob: +61 419 148 342
Fax: +61 7 3231 1411 Fax: +61 7 3231 1411
paul.fraser@ap.jll.com lachlan.asprey@ap.jll.com
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