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Press Release – Mayfair Ridge Tavern

EMERALD’S MAYFAIR RIDGE TAVERN FOR SALE

Located in the mining town of Emerald in central Queensland, the tavern is situated in the town’s main growth area. The leasehold interest of the tavern has been exclusively listed for sale with Ray White Hotels Australia.

The Mayfair Ridge Tavern located on the corner of the Gregory Highway and Mayfair Drive, Emerald, is being marketed by way of an Expressions of Interest campaign by Leon Alaban and Sean Dollar of Ray White Hotels Australia.

Mr Alaban said the modern, single storey tavern was constructed in 2008 and situated at the entrance to Emerald’s newest master planned residential estate “Mayfair Ridge”.

“The site’s facilities consist of a sports bar, lounge bar and dining, a function room, gaming room with 35 EGMs, outdoor dining, a drive through bottleshop with liquor barn and one detached bottleshop.

“A massive benefit to the sale of this lease is that the tenant owns the 35 gaming authorities, ownership of these authorities should subsequently provide lending institutions added confidence to fund the acquisition”.

Mr Alaban said the tavern’s detached bottleshop is in a prime location as it is located in the newest shopping centre in Emerald (anchored by Woolworths and Big W).

“Securing additional strategic detached bottleshop locations should generate additional revenue to the tavern and provide a rare opportunity to corner the retail liquor market in Emerald,” he said.

Mr Dollar said the Emerald region had been a growth “hot spot” for many years and was a service town for a large number of industries.

“Emerald is a major coal mining centre in the Bowen Basin and has been enhanced by strong urban growth associated with the development of various coal mines,” he said.

“The town also has extensive infrastructure, with varied educational facilities including campuses for Central Queensland University and Central Queensland TAFE, Emerald Agricultural College and private and government schools.

“It also features general and mining-related rail networks, a major regional airport and a hospital.”

Mr Dollar said Emerald is situated 880 kilometres north-west of Brisbane, 270 kilometres west of Rockhampton and 400km north of Roma.

The Leasehold interest of the Mayfair Ridge Tavern is being offered for sale by way of Expressions of Interest closing at 4pm on Wednesday, April 2, 2014.

All Expressions of Interest for the property must be submitted to Ray White Hotels office, located at Level 7, Riverside Centre, 123 Eagle Street, Brisbane, or prior to the Expression of Interest closing date.

ENDS

For more information:

Leon Alaban
Mb: 0422 011 455

Sean Dollar
Mb: 0457 446 196
About Ray White
Ray White is the largest real estate and property group in Australasia. The company, established in 1902 at Crows Nest in Queensland, has almost 1,000 individual offices spread across Australia, New Zealand, Indonesia and India as well as newer offices in key locations in the Asian region and the United Arab Emirates. The brand is represented by more than 8,000 staff, has an annual sales turnover in excess of $30 billion and manages more than 300,000 rental properties.

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