Located within the Innisfail CBD forming part of the Bruce Highway.
Leased to wholly owned Coles/Wesfarmers subsidiary until June 2021 plus options.
Wesfarmers Limited, a highly diversified ASX top 10 company (as at 21/2/13), recently rated by Deloitte as the world’s fastest growing retailer.
Significant corner site of 1,217m2*, 78 metre* combined frontage.
Part two level hotel providing Public Bar, Dining Room, Gaming Room with 24 machines, Courtyard, designated outdoor Smoking Area and a drive through Liquorland bottle shop.
Includes ownership of 30 Gaming Machine Authorities valued at $1.7m (c: Nov 2012).
Annual fixed 4% rent increases.
Rent $157,912 pa* as at 30/6/13.
Disclaimer and disclosures:
The information provided and views expressed in this document by CBRE and Burgess Rawson (“Information”) whether such Information be provided by the principal or any other third party on behalf of the principal are of a general nature and are not intended to address the circumstances of any particular individual or entity. CBRE and Burgess Rawson nor any third party provider do not guarantee that the Information is accurate at the date it is received or that it will continue to be accurate in the future. CBRE and Burgess Rawson do not accept any legal liability or responsibility for any costs, loss or damage incurred by the use of, or reliance on, or interpretation of the Information.
Specifically we make the following disclosures:
*. All areas, measurements, boundaries, car space numbers and rents are approximate only and subject to final confirmation;
a. The indicative depreciation schedules have been provided by Napier & Blakeley and are estimates only and cannot be used for tax purposes;
b. Any auction or tender shall only proceed provided that the tenant does not exercise its right of first refusal by Friday 15th March 2013;
c. Price estimates for Gaming Machine Authorities have been based on the most recent (November 2012) Public Trustee sale of gaming machine operating authorities for hotels. The average sale price for South East ($67,152) & Costal ($56,548) regions has been adopted for price estimate purposes. Figures include GST and are prior to payment of government charges;
d. Non recoverable Land Tax amounts used to calculate net rents are current and future fluctuations cannot be calculated.
Prospective purchasers are advised to seek legal, financial and other appropriate expert advice and not rely upon the stated estimates.
