AUSTRAL HOTEL - ICONIC EAST END HOTEL LEASEHOLD FOR SALE

SOLD

205-207 Rundle Street

Adelaide SA 5000

Leisure

FOR SALE

1530m2

Situated on Rundle Street, East End, just off Rundle Mall and in the heart of Adelaide’s prime restaurant, entertainment and retail city trading, the Austral Hotel has been a key destination in this area for many years.

Being a main tourist destination, the Rundle Street East End area attracts an enormous volume of people by foot in addition to those who are regulars. The Austral trades at full capacity particularly during the numerous events in the East End including Clipsal 500, Fringe Festival, the Tour Down Under, Australia’s premier international cycling event and Womadelaide. The Austral Hotel is perfectly placed to capture the benefits of tourism and the enormous flow of people.

The hotel has a number of significant trading zones. Income flows from each area of the Hotel from the bustling outdoor zone through to the many bars and dining areas on the ground floor, in addition to separate functions and activities which occur at the first floor and Bunka area.

The landmark Austral Hotel has many beneficial features that will appeal to potential purchasers which include:
- Consistent turnover over last 5 years of approximately $2.5 - $3.0 million p.a.
- 9 licensed areas including 3 bars, 2 dining rooms, 4 function areas, together with 3 outdoor approved smoking areas and first floor renovated balcony overlooking Rundle Street
- 11 rooms of accommodation
- Quality improvements that have been recently refurbished
- Potential to extend and renovate unused areas at first level
- 3 street frontages
- Prime retail frontage to Rundle Street, East End
- Development options possible
- Development options possible
- Liquor Licence and Holding Income Benefits
- Central to major Adelaide university campuses

RLA 1786