Hidden Valley Tavern - Information Memorandum

Information Memorandum

Hidden Valley Tavern

644 Stuart Highway, Berrimah, NT

For Sale

Ray White Hotels Australia

Disclaimer

Subject to the provisions of the only intended for its addressee/s and 6. None of the Parties are liable to
Competition and Consumer Act may contain privileged or confidential compensate or reimburse the Recipient
2010 and subject to any other non- information. Unauthorised use, copying Parties for any liabilities, costs or
excludable statutory provisions, Ray or distribution of this document or expenses incurred in connection with
White Hotels Pty Ltd (A.B.N. 81 141 any part of its contents, is prohibited. the sale of the property. Furthermore,
498 651) trading as Ray White Hotels The Agent recommends each party the Agent, shall not incur any personal
Australia, “the Agent” gives notice that: undertake their own searches and liability to any of the Recipient Parties or
investigations to determine the purchaser on any basis.
• all information given in relation to accuracy of the above information.
this property whether contained in 7. Except as may be expressly provided
this document or given orally, is given The information contained in this in any agreement in writing between
without responsibility; Information Memorandum and any the Parties and the Recipient, the
other verbal or written information Recipient acknowledges and agrees
• intending purchasers should satisfy given in respect of the property (for itself and the other Recipient
themselves as to the truth or accuracy (“Information”) is provided to you (the Parties) that to the maximum extent
of all information given by their own “Recipient”) on the following conditions: permitted by law, each of the Parties
inspections, searches, inquiries, advices disclaim all liability for any loss or
or as is otherwise necessary; 1. No assurance, representation, damage (whether foreseeable or
warranty or guarantee (express or not) suffered by any person acting on
• no person in the employment of Ray implied) is given by Ray White or any any of the Information whether the
White and its associated businesses of their respective officers, employees loss or damage arises in connection
has any authority to make or give any or consultants (collectively referred to with any negligence, default or lack
representation or warranty whatever in as the “Parties”) or any other person of care on the part of the Parties, any
relation to property advertised. or entity, that the Information, whether misrepresentation or any other cause
or not in writing, is complete, accurate by reason of or in connection with the
• This material has been sourced from or balanced, or has or will be audited provision of the information or by the
third parties and passed on by the or independently verified, or that purported reliance thereon by any of
Agent, for general information purposes reasonable care has been or will be the Recipient Parties.
but no warranty of accuracy is made. taken in compiling, preparing and
furnishing the Information. 8. No person is authorised to give
Assume visual images enclosed (e.g. information other than the Information
plans, photography, specifications, 2. The Information does not constitute, in this Information Memorandum or
artist impressions, brochures) are and should not be considered as, in another brochure or document
strictly indicative-conceptual only (any a recommendation in relation to authorised by the Agent. Any
statements to the contrary endorsed the purchase of the property or a statement or representation by an
on such material are attributable to the solicitation or offer to sell the property or officer, agent, supplier, customer,
author, not us). a contract of sale for the property. relative or employee of the vendor will
not be binding on the vendor or on the
Appearance or layout of anything 3. The Information should not be Agent.
depicted may alter at any time without relied upon in any way by the
reference to us. All visual material and Recipient or its related entities, their To the extent that any of the above
designs are subject to change at any respective officers, employees, agents, paragraphs may be construed as
time. Any measurement noted is taken advisors, shareholders and associates being a contravention of any law of
to be indicative and not to scale. All (collectively the  the State or the Commonwealth, such
outlines on photographs are indicative paragraphs should be read down,
only. Price lists are not offers to sell / “Recipient Parties”). Each Recipient severed or both as the case may
lease / hold properties, or fix an asking should satisfy themselves as to the require and the remaining paragraphs
price - they are last known asking accuracy and completeness of the shall continue to have full force and
prices only and are subject to change Information through inspections, surveys, effect.
without notice. Any price mentioned in enquiries, and searches by their own
the advertisements does not take into independent consultants, and should The Information contained in this
account any applicable Goods and seek independent legal and financial Information Memorandum is provided
Services Tax (“GST”). advice. to the Recipient on a strictly confidential
basis. In particular, the Recipient may
Prospective purchasers are strongly 4. The Information does not and will not discuss the Information or the
advised to make their own enquiries as not form part of any contract of sale proposed sale of the property with
to whether any listing price is inclusive for the property. If an interested party the vendors or with any agent, friend,
or exclusive of GST. We are not valuers makes an offer or signs a contract for associate or relative of the vendor or
and make no comment as to value. the property, the only information, any other person connected with the
“Sold / leased” designations show only representations and warranties upon vendor without the prior written consent
that stock is “currently not available” which the Recipient Parties will be of the Agent.
- not that the property is contracted / entitled to rely will be as expressly set
settled. Any information supplied may out in such a contract. The Information must not be
have changed since we received it reproduced, transmitted or otherwise
and we take no responsibility for that. 5. Interested parties will be responsible made available to any other person
No reliance should be placed on any for meeting their own costs of without the prior written consent of the
answer or volunteered information in a participating in the sale process for Agent.
call with our staff. the property. The Parties shall not be
liable to compensate any intending
Statements of any kind will not be purchasers for any costs or expenses
deemed authorised unless in writing incurred in reviewing, investigating or
signed by one of our directors. This analysing any Information.
document (including attachments) is

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Contents

The Opportunity 1

Executive Summary 2

Pit Stop Bar 3

Gaming Area 4

Santa Fe Cafe Bare & Restaurant 5

Alfresco Area 5

Cellar 7

Drive Through Bottleshop 8

Location 9

Financial Summary 11

Sale Details 12

Due Diligence Website 14

Exclusive Agent

Brent McCarthy

Investment Sales
Ray White Hotels Australia
Phone: 0448 355 329
Email: [email protected]

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The Opportunity

Ray White Hotels The property is located at 644 Stuart Highway, Berrimah and
Australia has been benefits from very high exposure sitting on the Stuart Highway,
exclusively retained one of Australia’s major highways.
by JTR Investments
PTY LTD to market The tavern is also adjacent the Harvey Norman mega
the leasehold complex and the currently under construction “Darwin
known as the Corporate Park” and the Coonawarra Naval base.
Hidden Valley
Tavern. Located at The current Tavern sits on the site of the old Berrimah Hotel
644 Stuart Highway, Motel and was rebuilt in 1999.
Berrimah.
The Tavern includes Ten (10) gaming machine authorities and
machines, a public bar, sports bar, lounge bar and restaurant,
gaming room, commercial kitchen, beer garden (compliant
DOSA),administrative office, a drive through bottleshop which
operates under then “Big Bargain” liquor purchasing group
and a cave styled wine cellar (function room).

With the recent change in legislation in the Northern Territory
an opportunity exists to increase the gaming capacity by
a further ten (10) authorities from July 1, 2015 for a one off
payment.

1

Executive Summary

Property Address: 644 Stuart Highway,
Real Property Description Berrimah, NT
Section 5524 from Plan L2001/064
Gross Lettable Area Volume 686, Folio 476
Local Government Hundred of Bagot
Zoning 961.7m2
Street Frontage Darwin City Council
Liquor Licence Number
Bars & Dining The property is zoned “SC - Service Commercial” under the
Other Amenities and provisions of the Northern Territory Planning Scheme
Facilities Hidden Valley Road and the Stuart Highway
80100957
Tenure Type • The Pit Stop Bar
Commencement Date • Santa Fe Café Bar & Restaurant
Lease Expiry • Gaming Room with 10 Electronic Gaming Machines
Options
Reviews (EGMs)
• Cellar
Commencement Rent • Alfresco Area
Tenants Outgoings • Beer Garden
Parking • Drive through Bottle Shop (currently branded Big Bargain)
• Commercial kitchen
• Office, Store Rooms and Back of House
• Ducted Air-conditioning
Leasehold
6/12/2014
4/12/2026
1 x Eight (8) Year Option
6/12/2021
6/12/2031
CPI all other years
$202,959.95 Exclusive of GST
100% of Premises
9.41% of Complex
Off Street Parking is Available

*Approximate

2

Pit Stop Bar

The “Pit Stop” Bar is situated to the
southern end of the building and
provides access through to a small beer
garden area (DOSA).
The stainless steel, tile and timber bar
features 12 glycol beer taps and built in
fridges, wine racks and spirit shelves.
The room comprises of seating for
approximately 144 patrons, a large
replica V8 super car feature, along with
racing memorabilia air-conditioning
large screen TV’s, dedicated TAB area,
Keno, juke box, ATM, billiard tables (2)
and cigarette machine.
A functional car jack is featured in the
Pit Stop Bar and can be utilised as a
central stage area.

3

Gaming Area

The gaming room is a small room situated
between the restaurant and the “Pit Stop” bar.
The room is serviced by a fully equipped bar and
features ducted air conditioning and coin change
machine.
The gaming lounge has ten (10) gaming machines
all with note acceptors.
From July 1st 2015 new legislation will be passed
in which premises will be able to increase the
number of EGMs they provide up to a maximum
of 20 (STCA) for a one off payment.

4

“Santa Fe” Cafe Bar &
Restaurant

The restaurant can be accessed from either side of the building. Called
“Santa Fe,” the bar is themed in a Spanish/Santa Fe style.
The restaurant has capacity for approximately 85 patrons and features
rough rendered walls, timber feature roof trusses and a fully equipped
bar area (with 6 glycol beer taps and large espresso machine) and food
servery. The restaurant is serviced by male, female and handicapped
bathrooms.

Alfresco Area

The Alfresco area adjoins the gaming room and Santa Fe Restaurant and
can be accessed via the carpark.
Due to its proximity to the restaurant the alfresco area follows suit and
themed in a Santa Fe Spanish style with rendered block external walls and
concrete pattern paving.
This area has a capacity of approximately 80 patrons and can be utilised in all
weather conditions as it is covered by a large waterproof shade sail and built-in
fireplace.

5

6

Cellar

The Cellar is accessed by internal stairs
from the bottleshop and is finished in a
cave style.
The Cellar is suitable for small functions
with a licence for approximately 60
patrons.
The room features a wine display area,
wine lockers (available for hire) and
air-conditioning

7

Drive Through
Bottleshop

The drive through bottleshop is serviced by a
dual lane driveway with an overhead canopy.
Internally there is a large product display area
with glass door drink fridges, shelving and
coldroom.
The bottleshop is currently being marketed
under the “Big Bargain” purchasing group.

8

Location 10km

The Hidden Valley Tavern is located in
Berrimah, approximately 9km* (12km* by
road) east of the Darwin Central Business
District.

Surrounding land uses include the
adjacent Harvey Norman mega complex,
the Coonawarra Naval Base. The newly
established “Darwin Corporate Park”
located on the northern side of Stuart
highway over an 11 hectare estate*.

Berrimah is mostly an industrial suburb and
located within it is the Summer Institute
of Linguistics, Kormilda College, Berrimah
Power Station, CSIRO Wildlife Research
Laboratory, Berrimah Research Farm
Centre, showgrounds and an exhibition
centre.

Originally a pioneer outpost, Darwin is the
largest city in the Northern Territory and
acts as the regional centre for the “Top
End”

Darwin is a city comprising of a range
of industries/economic sectors, namely
tourism and mining however the
government sector employs around 60%
of the Darwin workforce.

The NT is home to 10%* of the Australian
Defence Force (ADF) combat personnel
and 6%* of the total Australian defence
budget is spent in the NT.

Darwin and the surrounds are home to
many defence force barracks and bases
such as Larrakeyah Barracks in Darwin,
Robertson Barracks near Palmerston,
HMAS Coonawarra in Darwin, RAAF Base
Darwin, RAAF Base Tindal near Katherine
and the Joint Defence Facility Pine Gap
(with USA) near Alice Springs.

Due to the proximity to Asia, Darwin is
seen to be the gateway to South East
Asia. Darwin is closer to many cities in Asia
than Australia’s own Capital, Canberra.
Darwin is 3,137km* away from Canberra,
656km* from Dili (East Timor), 1,818km*
from Port Moresby (PNG) and 2,700km*
from Jakarta (Indonesia).

Darwin is Australia’s closest capital
city to Asia and due to this proximity
Darwin is becoming a strategic location
for shipping, regional freight and a
distribution gateway. The Port of Darwin
provides the main outlet for Australian live
cattle export into South East Asia.

*Approximately
9

Hidden
Valley
Tavern

5km

*Outline Indicative Only 10

Financial Summary

Revenue by Department March 2015

11

Sale Details

The Leasehold of the Hidden Valley Tavern is being offered for sale.
All Offers to Purchase must be submitted to the Ray White Hotels office, located at Level 26,
“One One One,” 111 Eagle Street, Brisbane.
The interested parties which submit an Offer need to include the following key terms:
• Proposed Purchasing Entity
• Nominated Purchase Price (including an apportionment between land and business)
• Any conditions required
• Deposit
• Settlement date
All Offers are to be attention to the following marketing agent:
Brent McCarthy
Investment Sales
Ray White Hotels Australia
0448 355 329
[email protected]
The subject property may be inspected by contacting one of the above agents

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13

Due Diligence Website

Detailed financial and property due diligence material housed in a data room website
(as displayed below), and in addition to the information provided in this document, will be
made available to any qualified potential purchaser upon request.

The Due Diligence Website can be found at www.hiddenvalleytavern-sale.com

Instructions on how to register and log in can be found below.

1. Click
“Due
Diligence”

2. Click 3. Insert 5. Repeat
“Register” Details and Step 1 and Insert
Click “Register” Details and click

4. You will “Sign-in”
recieve an email
with your log in 14

details

Brent McCarthy

Investment Sales
Ray White Hotels Australia
M 0448 355 329
E [email protected]

Ray White Hotels Australia

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