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962 Kingston Road Waterford, QLD 4133

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962 Kingston Road,
Waterford, QLD 4133

Hotel, Motel & Leisure

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CLUB HOTEL WATERFORD

  • Brand new long-term lease to Wesfarmers
  • Large 1.1 hectare parcel of land
  • Commencement rent of $1,250,000p.a
CBRE Hotels is pleased to offer for sale the freehold of Club Hotel Waterford, subject to a long-term leaseback to Wesfarmers.

Key investment highlights include:
• Freehold passive investment - brand-new double net lease with ratcheted increases
• Triple A minus credit rating covenant leased to Liquorland Pty Ltd (Wesfarmers)
• Large 1.1* hectare parcel of land with obvious longer term development upside
• $1.25m upgrade to be undertaken by tenant at their expense
• Brand new initial long 15 year lease term with further options available
• Commencement rent of $1,250,000 per annum (ratchet increases)
• On-site First Choice Liquorbarn and tenant has three detached bottle-shops off existing commercial licence
• Located in a prime commercial precinct located directly opposite a Coles anchored shopping centre and with major demand drivers in direct proximity such as Logan TAFE and Logan Hospital
• Located on a corner site, flanked by two main arterial roads with high volume traffic movement

Property ID: 502830686Last Updated: 13 Sep 2018

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962 Kingston Road
Waterford, QLD 4133
CBRE - Hotels
Level 21, 363 George Street
SYDNEY, NSW 2000
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