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SARACENS HEAD HOTEL, 82 Carrington Street, Adelaide, SA 5000

SARACENS HEAD HOTEL, 82 Carrington Street, Adelaide, SA 5000

Hotel/Leisure

  • For Sale
  • For Sale by Immediate Private Treaty
  • Offers to Purchase

SARACENS HEAD HOTEL

  • Large CBD corner site of 750sqm
  • Entry level hotel
  • 20 gaming machines, approval for 5 more

  • Floor Area
  • 750 m²
  • Tenure Type
  • Vacant Possession
  • Building
  • Whole
  • Last Updated
  • Mar 23, 2021

Interested in this property? Contact an Agent today

CBRE - Hotels

Level 21, 363 George Street

Sydney NSW 2000

Mathew George
McGees Property - Adelaide (RLA 1722)

Level 10/60 Waymouth Street

Adelaide SA 5000

SARACENS HEAD HOTEL

CBRE Hotels and McGees Property are pleased to present the freehold going concern of The Saracens Head Hotel in Adelaide’s CBD. An outstanding opportunity to get in on the ground floor with this exciting asset class.

Investment highlights include:

- The Saracens comprises ground floor bars and dining, gaming and wagering, function rooms, full commercial kitchen, street alfresco and beer garden/courtyard, plus first floor extensive office accommodation.
- The hotel underwent a complete refurbishment in 2016, to offer modern facilities and layout that cater to all styles from corporate functions to traditional pub tastes.
- Fully functioning gaming room with 20 machines and entitlements (property approved for 25).
- Located on a generous corner site of 750sqm* in the heart of Adelaide.
- Multi-storey developments in close proximity with favourable zoning on the subject site and potential to build 6-7 levels in the future (STCA).
- Total imputed rental of $225,000* per annum plus GST.
- Historical revenues of $50,000* per week.
- Golden opportunity to take advantage of new gaming changes.
- Entry level gaming freehold hotel with no

SARACENS HEAD HOTEL, 82 Carrington Street, Adelaide, SA 5000

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