2 Santa Maria Court Burleigh Waters QLD 4220

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