Top 80 Gaming Hotel with Huge Investment Upside

30 September, 2019 by The Shout Team

Ingleburn Hotel
14 Ingleburn Road,
Ingleburn NSW 2565

JLL Hotels and Hospitality Group are delighted to offer for sale the Freehold interest in the Ingleburn Hotel, Ingleburn, Sydney. The Hotel is subject to an existing lease and presents as a standout investment opportunity for astute property owners as well as Hoteliers with a medium-term operating outlook. This is the first time the property has been offered for sale in 60* years.

Investment highlights include:

  • Sensational ability to improve yield on acquisition from 3% to circa 10%*, and Return on Equity (ROE) from 9% to 28%, at the expiry of the tenancy (6 years remaining)
  • One of the coveted top 100 gaming venues (ranked 76 in June 2019)
  • Compatible asset sales show the venue worth an estimated $40 million minimum at lease expiry – potential $10 million uplift as a passive investment
  • Restaple the asset within a 6-year investment horizon – lease expiry in 2025 – providing the option to sell a new lease, or enable control of operations
  • Hotel Licence & 27 Gaming Machines (17 PMEs & 10 PMPs) owned by lessor
  • Hotel is located at the heart of the proposed Ingleburn Precinct plan, an aggressive masterplan that will reshape the area and consist of high density residential and commercial development
  • Drive-thru bottle shop with an additional 23 on-site parking spaces
  • Large town centre, 2,239m² site with attractive B4 Mixed Use zoning

*Approx

For Sale via Public Auction at Cooley’s CBD Auction Room,
Thursday 14th November 2019 (if not sold prior)

Brokers
John Musca | JLL Hotels & Hospitality – National Director
M: +61 0424 257 004
E: john.musca@ap.jll.com

David Mathews |JLL Metropolitan Sales Investments – Director
M: +61 407 932 599
E: david.mathews@ap.jll.com