Landmark Trophy Investment – The Cecil Hotel

42 Nerang Street , Southport QLD

Property Highlights

ALH lease to 2035 + options to 2055
High Density - High Rise Zoning in CBD
Includes 5 fully leased retail shops

Description

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 Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Accommodation
Land Size
1,889 SQM
Building Area
1,349 SQM

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