Republic Hotel, 120 Magill Road, Norwood, SA 5067

JLL is delighted to present for sale the award-winning Republic Hotel, located in the prestigious Adelaide city fringe suburb of Norwood.

Occupying a commanding 3,327sqm corner site, the hotel has been beautifully refurbished offering high end facilities throughout comprising a restaurant, lounge bar, private dining room, gaming room with 32 EGMs, multiple function rooms and expansive beer garden.

This is an incredible opportunity to either occupy and an award-winning city fringe gaming hotel, or secure for the future to redevelop in one of Adelaide’s most desirable locales.

Key investment highlights include:

* Freehold going concern offering genuine flexibility with the ability to occupy, invest or redevelop
* Opportunity to increase the already strong gaming revenue with approval for 40 EGMs (currently 32 EGMs on site)
* Architecturally designed refurbishment with large restaurant, expansive alfresco area, private dining room, gaming lounge and multiple functions spaces
* Substantial 3,327sqm* corner site, just 4kms from Adelaide’s CBD
* Flexible planning regime within Suburban Business Zone with a wide range of potential uses (STCA)
* Huge stamp duty savings with zero payable on commercial properties in SA

For sale via Expressions of Interest closing Wednesday 12 April 2023 at 5:00pm AEST.

For further information on this outstanding opportunity, please contact the selling agents.

 

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