Royal English Hotel.
Brand new 15 + 5 x 10 year Lease to Liquorland.
Liquorland: a division of Coles and a wholly owned subsidiary of Wesfarmers Limited, an ASX top 10 company with market capitalisation of $49.7 billion as at Nov 2013.
Irreplaceable 2,025 sqm* landholding immersed in high density residential projects, 200 metres* from Nundah Train Station and 100 metres* from Nundah Village Shopping Centre (Woolworths and 15+ shops).
Adjoins the $270 million 'Circa Nundah' mixed use project including 184 residential apartments and a 12,000 sqm* office tower.
Facilities include public bar, large bistro, gaming room with 40 machines, function rooms, onsite parking for 22 cars and 3 detached bottle shop licences (3 x Liquorland stores).
Attractive Lease terms, Tenant pays Land Tax (Single Holding), Council Rates, Water Rates and Insurances (PL and ISR).
Annual CPI reviews, collared at 1% and capped at 3.25%.
Nundah: Inner northern Brisbane suburb which recorded a 20% increase in dwelling numbers between 2006 and 2011 (ABS Census). Under 10km* from CBD and 6.5km* from Brisbane International Airport, well serviced by public transport and freeway network (via recently completed Airport Link).
Rent: $550,000 pa