Strategic Sunshine Coast ALH Tavern Investment

1 Venning Street, Mooloolaba QLD

Property Highlights

Secure 10+10+10+10 year net lease
ALH: Australia's #1 hotelier
Gives ALH 3 detached BWS licenses
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Description

Strategic tavern investment within the Mantra Mooloolaba Beach Complex on Mooloolaba Esplanade.
Securely leased to ALH until October 2025 plus three further 10 year options.
ALH is Australia’s #1 hotelier with 332 venues nationally.
ALH is a division of Endeavour Group, which is currently 85% owned by Woolworths Limited and operates 1,384 BWS stores and 246 Dan Murphy’s stores.
Net lease terms with the tenant responsible for council rates, water rates, body corporate fees, insurance and land tax.
Popular Irish Pub with TAB and 3am license.
The O’Malley’s tavern license is critical to Endeavour Group’s retail liquor network across the Sunshine Coast, providing three detached bottle shop licenses for nearby BWS stores in Maroochydore, Buderim and Wurtulla.
High foot-traffic location with Coles, BWS and Australia Post all within 150 metres.
The Mantra complex is set to benefit from the Mooloolaba Foreshore Redevelopment project. The project includes a proposed tidal pool and adventure park immediately opposite and improved pedestrian linkages between the Mooloolaba Beach and the retail/hospitality precinct.
Mooloolaba is a booming tourism and sea-change location on the Sunshine Coast, where the median house price has increased by 15.5% since January 2020*.
Estimated Net Rent: $317,742 pa + GST

For Sale by Investment Portfolio Auction
10:30am (AEST) Wednesday 12 May 2021
Crown Casino, Melbourne

*realestate.com.au

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Hotel/Bar
Land Size
491 SQM
Building Area
491 SQM

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