By Vanessa Cavasinni, editor Australian Hotelier
Blacktown’s Lalor Park Hotel is up for sale in an area that will see a large boost in population in coming years. With DA approvals for building heights to be tripled, the area will soon be home to roughly 500,000 residents.
Located in the north-east precinct of Blacktown, the area has been rezoned for a mixture of medium- and high-density residences. Sam Handy and John Musca of JLL Hotels & Hospitality, who will be handling the sale of the hotel, believe the potential of local resident numbers will mean that the sale of the hotel will be hotly contested.
The tallest residential building in Blacktown currently stands at eight storeys. The new zoning stipulates that buildings can now have a maximum 24 storeys, and the development of one of these taller apartment complexes has already begun, known as Altitude Tower.
Occupying 3048sqm, the pub has a 24-hour liquor licence and 30 gaming machines, with 22 situated in the smoking solution. With future residential growth in mind, a kitchen and food offering has also been included recently. A license for minors to be allowed in the beer garden has been sought.
Selling agent Sam Handy said: “The owners moved an additional six machines into the smoking solution late last year and the gaming performance has responded with average turnover and net profit growth of 26.5% YTD. There is scope to move the remaining eight indoor machines into the smoking-solution, which will no doubt elevate the pub to a consistent TOP 100 gaming ranking.”
Offers can be made via public tender until Thursday 1 October.