Royal Exchange Hotel
Description
Strategic 2,453*sqm site
National tenant – ALH lease
Net income: $562,715*pa + GST
- Iconic Hotel positioned in prime city fringe location
- 25 year triple net lease to 2028 plus 4 x 10 year options to 2068
- Tenant pays all outgoings
- Endeavour Group through the ALH Group operates over 330 licensed venues and a retail network of 1,630* stores across 2 key brands; Dan Murphy’s and BWS
- ALH: subsidiary of ASX listed Endeavour Drinks (ASX: EDV) Australia’s leading liquor and hospitality business operator
- Busy on site BWS liquor outlet with 3 further detached bottle shop licences
- Strategic 2,453*sqm landholding with multiple bars, beer garden, gaming lounge with 40 gaming machines plus 27 parking spaces
- Future development potential subject to relevant approvals
*Approximate
Address
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Address: 10 High Street, Toowong QLD
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State/county: Queensland
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Zip/Postal Code: 4066
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Area: Brisbane Region
Details
Updated on September 4, 2023 at 3:16 am-
Property ID CECI-2948
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Property Type Hotel/Pub
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Property Status Sold
Contact Information
All figures and site boundaries are approximate. All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided. Interested parties must solely rely on their own enquiries and obtain their own independent advice, in order to verify the information.
