The iconic Victory Hotel is situated in the heart of Brisbane’s CBD. Located on the high profile corner of Edward and Charlotte Streets, with significant pedestrian traffic.

Edward Street showcases high end retail such as The Hour Glass, Mont Blanc and Cartier.

"Edward Street and Brisbane’s Queen Street Plaza has achieved rent at $5,000/sqm - $6,000/sqm and Omega with rent at $6,500/sqm," according to Savills.

WILLIAMS MEDIA spoke with Tony Bargwanna Director Savills Hotels about the exclusive Victory Hotel listing.

"The Victory Hotel has excellent proximity to major existing and future transport opportunities of public transport, major arterial roads, rail and bus links; and links to pedestrian and cycle networks," says Bargwanna.

"The Victory Hotel sits on a Prominent 924sq m (approx.) corner block site," he said

"The hotel is leased to a single tenant which provides a strong covenant. The lease provides for fixed rental increases of 3.5% per annum until lease expiry. Upon lease expiry in March 2023, at the lessor’s option, the lessee must transfer the liquor and gaming licence (including gaming entitlements) to the lessor for $1. The lessor can also, at its option, buy-back the lessee’s equipment and stock. Refer to lease for full details."

The facilities include: a beer garden, Level 1 Nightclub, Hornblowers Bar, Nelson's Sports Bar, Sailor Jerry Room, gaming (30 EGM's), TAB and Keno, restaurant and function facilities.

"Development opportunities with Principal City Centre Zoning (subject to approvals) and the gaming entitlements valued at over $3.3m" says Bargwanna.

The freehold Victoria Hotel is for Sale via Expressions of Interest Closing Wednesday 11th September 2019

For further information contact the Exclusive Sales and Marketing Agent, Tony Bargwanna Director Savills Hotels, via the contact details below.

Click here to view The Victory Hotel listing on The Hotel Page

This is a Feature Property booking.

Source: Savills Hotels Australia