BARELY weeks after electronic gaming machines were installed at Warrnambool’s Flying Horse Bar and Brewery, it has been placed on the market for sale.
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As the city’s newest hotel and entertainment venue built five years ago, it is likely to command a multi-million-dollar freehold value and attract national interest.
The Flying Horse was developed by the Rodger family group.
“We just build and develop things and now it’s time to move on and let someone else take the Flying Horse to its potential,” company founder Graham Rodger said.
Venue manager Matthew Monk said the eight gaming machines which had been the subject of a protracted dispute with the city council had been switched on last week.
“The Flying Horse is unique and has a licence for more than 1000 patrons,” he said.
“It was purpose-built from the start and is the only greenfield hotel-entertainment venue developed in regional Victoria in the past 10 years.
“There’s a TAB sports bar, casual bar and lounge, children’s area, restaurant, outdoor area and functions rooms.
“Whoever buys it will be able to capture the growth potential. It’s on the market for freehold or leasehold. We’ll see what happens.
“At this stage we’ll retain ownership of the car park area for possible future development.”
The company recently sold the Victoria Hotel in Port Fairy.
Mr Monk indicated the company’s 30 gaming machine entitlements for Moyne Shire would be sold and transferred to a Melbourne venue.
