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2 Santa Maria Court
Burleigh Waters QLD 4220
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Sold on 19 Nov 2021

2 Santa Maria Court Burleigh Waters QLD 4220

  • Hotel, Motel, Pub & Leisure
  • 5,730 m²
  • Sold

Varsity Lakes Tavern ALH & Dan Murphy's Freehold Investment

Strategic Tavern and Dan Murphy's investment within the highly sought Gold Coast suburb of Burleigh Waters.
Long WALE of 7.7 years and favourable Triple net leases to ALH, subsidiary of ASX-listed Endeavour Group (ASX: EDV) with a current market cap of $12.86 billion.
ALH: Australia's #1 hotelier and liquor retailer with a network of 339 ALH hotels, 1,392 BWS stores and 251 Dan Murphy's stores.
Endeavour Group's FY2021 turnover increased by 9.3% to $11.6 billion.
Triple Net lease terms with tenants responsible for council rates, water rates, land tax, insurance and structural repairs and maintenance including roof.
Favourable rent review structure with downside protections.
Prime 17,000sqm* site with 128 metre* frontage to Southport Burleigh Road and 285 on grade car parks.
Strategic location with Bond University (5,000 students and staff) and 'Burleigh Home Space' Large Format Retail Centre featuring Harvey Norman, BCF, Baby Bunting within 250 metres*.
Varsity Lakes Tavern a leading tavern with 4am licence and features The Grillhouse Restaurant, Grill House Bar, Sports Bar and 40 gaming machines.
Underpinned by a renewed, long term sub lease to market-leading Fitness & Lifestyle Group (510 health clubs across the Asia Pacific region), trading as Fitness First and regarded as a flagship facility within the group.
Strong underlying land value with potential for long term future redevelopment up to 24 metres in height (STCA).
Significant depreciation benefits $1,046,620 (60%) of year 1 rent potentially deductible****.
Excellent trading history with long term tenants having occupied the site since development in 2005.
Gold Coast: Australian Tourism Mecca plus outstanding population forecast to grow by 45.1% to 943,689 by 2041.
Net Income: $1,717,120 pa + GST.

****Pep Solutions

Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold19 Nov 2021
Floor Area5,730 m²
Land Area1.7 ha
ParkingAsk Agent
Property ID2017312709
Category
Last updated  29 Nov 2021
Map for 2 Santa Maria Court Burleigh Waters QLD 4220

Nearest transport* to 2 Santa Maria Court Burleigh Waters QLD 4220

Bus
Train
Bermuda St at Lake Orr187 m
Bermuda St at Lake Orr278 m
Honeyeater Dr at Thornbill Place446 m
Honeyeater Dr at Thornbill Place506 m
This data is © 2023 The State of Queensland, licenced under CC BY 4.0.
*Within a 4km radius
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Burgess Rawson VIC Pty Ltd
Burgess Rawson VIC Pty Ltd
Level 20, 150 Lonsdale Street
Melbourne, VIC 3000

Property Highlights

Date Sold19 Nov 2021
Floor Area5,730 m²
Land Area1.7 ha
ParkingAsk Agent
Property ID2017312709
Category
Last updated  29 Nov 2021

Listed by

Billy Holderhead
Billy Holderhead
Burgess Rawson VIC Pty Ltd
Call
0422 817 696

More about 2 Santa Maria Court Burleigh Waters QLD 4220

2 Santa Maria Court Burleigh Waters QLD 4220 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 5,730 m² and a land area of 1.7 ha. The listing ID for this property is 2017312709.

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