Key Investment Insights
AI generated. Confirm details with the seller.
1. Most conspicuous site in Exeter, located at the junction of the Frankford and West Tamar Highways, offering high roadside visibility and traffic exposure.
2. Current operator established for 20 years, indicating long-term trading history and local market recognition.
3. Multiple income streams, including beverages, Tab, Keno and fifteen poker machines; food income potential noted though the kitchen is currently closed.
4. Sale includes an extensive schedule of plant and equipment, explicitly including poker machines, reducing immediate capital expenditure for fitout.
5. Note in listing that fifteen poker machines are owned by the lessee, which requires clarification during due diligence.
6. Upstairs area is currently let as a private residence, providing ancillary rental income and income diversification.
7. Ample parking suitable for numerous vehicles and self-contained motor homes, supporting tourism and group trade.
8. Described as a leasehold sale, so buyer will assume lease terms rather than freehold ownership.
9. Advertised as ready for a new operator with energy and vision, signalling upside through active management, refurbishment or reopening the kitchen.
10. Area has grown substantially, suggesting market growth and potential for increased patronage.
11. Listing is currently under contract, so prospective purchasers should confirm availability and timing.
12. All figures are approximate and the vendor disclaims warranties, purchasers must conduct their own investigations and enquiries.
