By Clyde Mooney – editor Australian Hotelier
Another high-profile pub sale has emerged, with former league legend Ricky Stewart bowing out of hospitality and selling up his Penrith pub.
The move is reputedly motivated by Stuart’s big-dollar move to coaching his original club the Canberra Raiders, after last year’s disastrous season coaching the Parramatta Eels.
The Australian Arms Hotel boasts two expansive levels, incorporating two bars, gaming, bistro, beer garden and nine accommodation rooms on a large prominent site on High Street.
Managing the campaign, Jones Lang LaSalle (JLL) suggests the pub will attract publicans, developers and investors alike, particularly given its current zoning that allows “flexible permissible uses” such as retail and commercial.
JLL’s hotels and hospitality group vice president Sam Handy told TheShout that the strong gaming rooms in the area present a distinct opportunity to capitalise on the hotel’s potential.
“The sale presents an incredible opportunity to acquire a 24-hour western Sydney pub at an entry-level price.
“The liquor licence and 15 gaming machines combined with an obvious upgraded smoking-solution provides an incredible gaming opportunity for an incoming purchaser.”
The sale is being conducted via an Expressions of Interest campaign closing Thursday 10 April.