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2 Santa Maria Court Burleigh Waters QLD 4220

  • Hotel, Motel, Pub & Leisure
  • 5,730 m²
  • For Sale, Price on Request

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.

    Expression of Interest closing Friday 12 November 2021 at 3pm (AEDT)

    ****Pep Solutions

    Tony Bargwanna
    Savills Brisbane
    Tony Bargwanna
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Campbell Bowers
    Burgess Rawson Queensland
    Campbell Bowers
    Burgess Rawson Queensland
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates

    Property Highlights

    Property ID2017312709
    Floor Area5,730 m²
    Land Area1.7 ha
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  13 Oct 2021
    Map for 2 Santa Maria Court Burleigh Waters QLD 4220
    Map for 2 Santa Maria Court Burleigh Waters QLD 42202 Santa Maria Court Burleigh Waters QLD 4220
    Tony Bargwanna
    Savills Brisbane
    Tony Bargwanna
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Campbell Bowers
    Burgess Rawson Queensland
    Campbell Bowers
    Burgess Rawson Queensland
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates

    Property Highlights

    Property ID2017312709
    Floor Area5,730 m²
    Land Area1.7 ha
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Category
    Last updated  13 Oct 2021
    Savills Brisbane
    Level 33, Riverside Centre, 123 Eagle Street Brisbane City QLD 4000
    Tony Bargwanna
    Savills Brisbane
    Tony Bargwanna
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Joseph Ganim
    Savills Brisbane
    Campbell Bowers
    Burgess Rawson Queensland
    Campbell Bowers
    Burgess Rawson Queensland
    Billy Holderhead
    Burgess Rawson & Associates
    Billy Holderhead
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates
    Matthew Wright
    Burgess Rawson & Associates
    Tony Bargwanna

    Tony Bargwanna

    Savills Brisbane

    Joseph Ganim

    Joseph Ganim

    Savills Brisbane

    Campbell Bowers

    Campbell Bowers

    Burgess Rawson Queensland

    Billy Holderhead

    Billy Holderhead

    Burgess Rawson & Associates

    Matthew Wright

    Matthew Wright

    Burgess Rawson & Associates

    0411 *** ***
    0411 544 451

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