UNDER INSTRUCTIONS FROM RICHARD AURICHT OF AURICHT CHARTERED ACCOUNTANTS AS ADMINISTRATOR OF THE VENDOR COMPANY NOWAT PTY LTD (Administrator Appointed)

The Property

• Located in Adelaide's ever-developing western CBD area
• Set amongst high profile residential & commercial developments
• A multi-faceted venue featuring a wage efficient Main Bar, Bistro & Alfresco areas
• First floor ideal for development of Function Areas, Offices or Accommodation (stc)
• Self contained 18 Machine Gaming Lounge

The Particulars

• 7 year lease remaining
• A new lease potentially available via negotiation with the Lessor
• A solid inventory of Plant & Equipment
• BUSINESS CURRENTLY CLOSED

The Commentary

A full refurbishment of the Lord Raglans Hotel resulted in one of Adelaide's finest Hotel venues. A fresh new look together with high quality plant & equipment, 18 Gaming Machines, a liberal Hotel Licence with 5am extended trading authorisation and a location in the ever developing western CBD 'The Marble' has long been regarded as an Adelaide mainstay.

Great future growth potential due to residential & accommodation developments in close proximity, including the Balfour's Site Development, Light Square & Waymouth Street.

If you've got the ideas - we've got the outlet!

Method of Sale - PRIVATE TREATY

Make a genuine offer today and you may be surprised by the ourcome.

EXPECTATIONS ARE WELL BELOW PLANT REPLACEMENT VALUE

The ideal syndicate business, partnership or those looking to a venue operable under management. 

Please read the OCBA Form R7. Legislation requires an Agent to provide this to Purchasers.