MELBOURNE, AUGUST 9, 2019 – JLL Hotels & Hospitality Group has been appointed to sell The Portside Tavern located in the South Australian coastal township of Port Pirie.
Located just 2.5 hours from Adelaide’s CBD, The Portside Tavern has enjoyed a recent refurbishment, providing local patrons and tourists alike with multiple trading zones in a warm ‘family’ atmosphere.
The campaign will be managed by JLL Vice President – Investment Sales, Will Connolly, and will be offered to the market as a freehold going concern by private treaty.
The extremely well-presented hotel sits on a large 1,216sqm site in the heart of town and features an extensively upgraded bistro operating under a ‘Caffe Primo’ franchise, a large lounge room & bar, gaming room with 32 gaming machines (approval for 40), first floor nightclub and manager’s residence, and a late 2:00am trading licence.
Brad Perks, the hotel’s current owner commented “We have been the fortunate owners of this highly successful hotel for 10 years. It has been predominantly run under management with a loyal and dedicated team whom have embraced our purpose and values.”
With Mr Connolly adding “Port Pirie is known as ‘The City of Opportunity’ and now with the $660 million investment in the Nyrstar Smelter redevelopment, the future is looking extremely secure”.
“With the recent announcement of the extensive solar plant and $24 million dollar revamp of the Sports Precinct which opened just a few months ago, Port Pirie is one of South Australia’s most active towns and is certainly an incredible opportunity for a purchaser to cement themselves in the community”.
|Contact: Will Connolly
Phone: +61 432 116 287
Contact: John Musca