Brand new 15 year lease plus options to Liquorland QLD trading as the Old Bundy Tavern.
Liquorland is a wholly owned subsidiary of Wesfarmers Limited, a highly diversified ASX top 10 company with market capitalisation of $50 billion as at Feb 2014.
Important 3,380sqm* site with 3 street frontages.
CBD gateway corner amongst Bourbong Street retail strip (including Target, all major banks and IGA) and major car dealerships.
Impressive 2,100sqm* hotel refurbished in 2006 includes gaming room with 30 machines, 4 separate bars, bistro, 2 kitchens, first floor function room and 3 detached bottle shop licences currently not in use.
Large 886 sqm* freestanding First Choice Liquor also on title.
First Choice Liquor: Australia's No. 1 ranked liquor chain for customer satisfaction with 95 stores nationally (Source: Roy Morgan).
Annual CPI reviews, collared at 1% and capped at 3.25%.
Net Lease: Tenant pays Land Tax (Single holding), Council Rates, Water Rates and Insurances (PL and ISR).
Bundaberg: Dominant commercial/industrial hub and the largest single retail centre between Brisbane and Rockhampton. Located within the Wide Bay Burnett region, population 296,672 forecast to grow by 45% to 430,000 by 2031 (Source: QLD Government).
Rent: $630,000 pa*
Auction 11 AEDT (10am Perth Time), Wednesday 2 April 2014, Crown Casino, Melbourne.
Interstate bidding available by prior arrangement.