Coles-Backed Iconic Hotel Freehold Investment with Liquorland
126 Wood Street, Mackay QLD
Property Highlights
Description
+ Long term lease to 2028 plus five x 10 year options through to 2078.
+ Tenant: Queensland Venue Co. is 50%-owned by Coles Group and is one of the largest hoteliers and liquor retailers in Queensland with 80+ venues and 240 + liquor stores across the State, trading under the Liquorland, First Choice Liquor, First Choice Liquor Market and Vintage Cellars brands.
+ Iconic pub, established 1936 and recently upgraded by the tenant, with gaming machines and large prominent Liquorland drive-thru.
+ High Exposure, strategic 1,287 sqm corner site with 69 metre frontage.
+ Prestigious CBD location opposite CQ University (approx. 16,000 students on campus) and Coles, ANZ, McDonald’s, Nissan, Subaru, Mitsubishi, Mercedes Benz and Honda all within 300 metres.
Tenant pays land tax, council rates, water rates and building insurance.
Mackay: commercial hub of the Whitsundays, a total economic output of $17.16 billion* per annum
+ Projected net rent as of 1st December 2021: $289,018 pa**.
For Sale by Private Treaty
*Remplan
**Projected rent for the year commencing 1 December 2021, assuming that CPI will be running over 3.25% for the September quarter
Property Details