Real Estate

De Angelis family spend over $30m for Raby Tavern

Written by The ReReport
As seen in the Source link, written by couriermail.com.au on 2019-11-07 16:03:31

The shopping centre and tavernwitht an 8000 sqm footprint.

Hotel and pub barons the De Angelis family have purchased western Sydney’s Raby Tavern and Shopping Centre for over $30 million.

The hotel was previously owned by Kent Walker’s company Lesday, who held the asset for 16 years.

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Magic makeover for former shop

An overhead view of the 8000 sqm shopping centre and tavern.

The retro colour scheme of the Raby Tavern

The hotel and shopping centre is located on Spitfire Drive, Raby, and has a floor area of8000 sqmm.

It was on the market through an Expressions of Interest campaign run by HTL Property.

The carpet really stands out

Nothing like a kebab following an afternoon at the local

HTL Property’s National Pubs Director, Dan Dragicevich, said hotels located adjacent shopping centres are always keenly sought after.

The Raby Tavern has 28 poker machines and is part of an exclusive trading catchment with over 25,000 residents.

The Raby Tavern has 28 pokie machines

Tenants of the shopping centre include an IGA, butcher, newsagent, bottle-o, chemist, hairdresser, kebab store and bakery.