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42 Nerang Street Southport QLD 4215

  • Hotel, Motel, Pub & Leisure
  • 1,349 m²
  • For Sale, Price on Request

Landmark Trophy Investment The Cecil Hotel

    42 Nerang Street, Southport (Gold Coast)
    (Corner Scarborough Street)

    + The Cecil Hotel and retail is an iconic property in the heart of the Southport CBD
    + ALH lease to April 2035 + options to 2055
    + ALH 85.4% owned by ASX listed Endeavour Group with a market capitalisation of $13.5*billion
    + Gaming licenses for 35 gaming machines
    + Includes 5 retail shops leased to established restaurants and cafes
    + Recent Cap Ex - Full roof replacement valued at $114,000 completed in Jan 2022
    + Strategic 1,889* sqm corner site opposite light rail station
    + Zoned "Priority Development Area" - High Rise Development
    + ALH pay outgoings as per their office and hotel leases
    + CPI and fixed annual rent increases
    + Southport: Official CBD of the Gold Coast with a population of over 560,000
    + The Gold Coast is Australia's 6th largest city with one of the fastest growing populations in Australia
    + Net Income $845,028 pa (plus GST)
    *approximately

    For Sale by Expressions of Interest
    Closing 4:00pm Thursday 7 July 2022

    Property Highlights

    Floor Area1,349 m²
    Land Area1,889 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017811510
    Category
    Last updated  10 Jun 2022
    Map for 42 Nerang Street Southport QLD 4215

    Property Highlights

    Floor Area1,349 m²
    Land Area1,889 m²
    ParkingAsk Agent
    Annual ReturnAsk Agent
    AvailabilityTenanted
    Property ID2017811510
    Category
    Last updated  10 Jun 2022
    Level 12, 127 Creek Street Brisbane City QLD 4000
    Pete Uebergang
    Pete Uebergang
    Burgess Rawson Queensland
    Glenn Conridge
    Glenn Conridge
    Burgess Rawson Consultants

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