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49 - 63 Elizabeth Street Urangan, QLD 4655

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49 - 63 Elizabeth Street,
Urangan, QLD 4655

Hotel, Motel & Leisure

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KONDARI HOTEL

THE PUB PORTFOLIO YOU'VE BEEN WAITING FOR...

- Expansive 20 acre land holding incorporating a drive through BWS bottle shop, modern tavern with bistro dining, accommodation and public bar with beer garden
- Approved venue for 42 Gaming Machine Operating Authorities (currently operating 35)
- Six freehold titles, two of which are currently unimproved offering further development potential (STCA)
- 68 room accommodation resort hotel which is currently being operated under management

RENTAL INCOME: $873,394*
COMMENCEMENT DATE: 13/02/2006 (2016 Option Exercised)
INITIAL TERM: 10 years
REMAINING TENURE (INCL OPTIONS): 40.5* years
RENT REVIEWS: Annually to CPI with a minimum increase of 3% and maximum of 5%. Market review upon renewal
OUTGOINGS: All outgoings including State Land Tax are the responsibility of the Tenant
SITE AREA: 61,236sqm*


* approx.

Property ID: 501640137Last Updated: 18 Nov 2018

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49 - 63 Elizabeth Street
Urangan, QLD 4655
CBRE - Hotels
Level 21, 363 George Street
SYDNEY, NSW 2000

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