Successful gaming and entertainment venue, situated on large site in the heart of Geelong, Victoria
CBRE Hotels are pleased to be offering for sale The Sphinx Hotel located at 2 Thompson Road, North Geelong, available as either a new long-term lease or a Freehold Going Concern.
The Sphinx is a very well-known and successful hotel and event business, providing an array of income streams and limitless upside possibilities.
Positioned on a large strategic site adjacent to a major infill residential subdivision, the new owners of The Sphinx can benefit from the rapidly growing and evolving region. Geelong is one of Australia’s largest and fastest growing regional centres.
The Sphinx Hotel is available as a Leasehold with a new long lease with market rent, or as a Freehold Going Concern with a substantial landholding of approximately 15,000sqm. There is an additional vacant residential site at the rear available by separate negotiation.
Investment Highlights:
- 67 high-performing gaming machines
- 16 rooms over two levels with in ground swimming pool, building plans to develop an additional 24 rooms overlooking the adjoining Geelong Golf Course.
- Dual-lane 'Thirsty Camel' branded drive-through bottle shop with ample room on site to promote expansion and the ability to create a much larger retail presence.
- Overall size area of approx. 15,000sqm providing paved car parking for around 250+ vehicles.
- The Pharaohs Bistro wraps around the front of the hotel and can comfortably seat 200 people, also includes an outdoor area at the entrance.
- A fully digitalised TAB with multiple service points and EBT’s, also includes casual dining with an indoor/outdoor area with pool tables.
- The Luxor Showroom can cater for large events with capacity of 400 guests plus and plays hosts to Weddings, Tribute Bands, Comedy and Corporate Functions.
For sale via Expressions of Interest.
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