The Saracens Head Hotel in Adelaide’s CBD has been listed for sale.
An iconic venue that dates back to 1873, the recently-refurbished pub occupies a prominent 965sqm block on the corner of Carrington Street and Moore Street.
It sits within Adelaide’s legal precinct, and is near multiple universities, Adelaide Central and Rundle Mall.
Saracens Head Hotel has 20 gaming machines and venue approval for an additional five licences, alongside bars, a dining room, substantial outdoor courtyard and function facilities.
With an overall maximum capacity of 350 patrons, it holds a 3am liquor licence.
CBRE Hotels’ Mathew George has been appointed to negotiate the sale of the leasehold, with or without the freehold, via Immediate Private Treaty.
“The Saracens Head Hotel is poised to enable Adelaide’s pub resurgence,” Mr George said.
“Given the lack of opportunity within the market currently, we are expecting significant interest from a wide range of hospitality operators.
“The successful buyer will be able to take advantage of the pub’s excellent location and high-quality fittings, and the potential to expand its current offering to enhance the gaming revenue it generates.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.