The Property comprises a tavern that incorporates a main bar, sports bar, dining area, function room and an outdoor terrace seating area. A standalone First Choice Liquor outlet is also located on the site and is included in the leased area. Both tenancies are leased to Liquorland (Qld) Pty Ltd (Coles), with a 14.4 year lease term remaining, rent reviews of the lesser of 3.0% and 2 x CPI and a double net lease structure with the tenant responsible for 100% of outgoings.
The Property is located 30km south of the Brisbane CBD, in the greater Logan area, which is one of the fastest growing urban growth corridors in southern Queensland. The area benefits from proximity to major demand drivers such as Griffin University Logan Campus (4.5km south) and Logan Hospital (3km south) along with new and existing residential development.
Lease Expiry Profile
|Tenant||GLA (sqm)||GLA (%)||Expiry (date)||Review|
|Fund Ownership||100% Ownership|
|Total GLA (sqm)||1,192 sqm|