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Pubs & Taverns

Freehold Passive Investment Hotel

35-37 Stratford Parade, Stratford, QLD

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Pubs & Taverns

Freehold Passive Investment Hotel

35-37 Stratford Parade, Stratford, QLD

SOLD

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  • Barron River Hotel, Cairns
  • Leased to Australia’s second largest pub operator a joint venture between Coles Group (ASX-COL) & Australian Venue Co (majority owned by KKR)
  • Leased until 2046 (incl options)
  • Annual Income: $338,528+ GST^
  • Annual Increases: Lower of 2 x CPI or 4%
  • Liquor Licence & 35 Gaming Machine Authorities revert to Landlord at expiration of lease for $1 (Current Value $4,288,000*)
  • Tenant pays all outgoings**
  • 3,860sqm* site, 6.8km* from Cairns CBD
  • Strong underpinned asset fundamentals support investment value

Agent Details

Glenn-Price

Pubs

Glenn Price

Director

0402 623 298 Contact Glenn
Brent McCarthy

Pubs & Accommodation

Brent McCarthy

Director

0448 355 329 Contact Brent

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