CBRE Hotels’ Paul Fraser and Wayne Bunz are steering the sale of the prominent hotel, which offers a new, double net lease to Liquorland – part of Wesfarmers’ Coles division.

Club Hotel Waterford occupies a prominent, 1.1ha corner site, approximately 27km south of the Brisbane CBD. 

Mr Fraser noted that Coles’ commitment to another long-term lease illustrated the group’s confidence in the asset and the local area.

“Assets of this nature are incredibly rare in today’s market,” Mr Fraser said.

“The tavern offers a new 15-year lease term, with a further three, 10-year options available – providing a secure, long-term annuity opportunity.”

The tavern features 45 gaming machines and is ranked as one of Queensland’s Top 50 gaming venues.  It also includes a sports bar as well as a First-Choice liquor store, at which the tenant is required to undertake a $1.25m refurbishment under the terms of the new lease agreement.

An additional three detached bottle-shops are included on the commercial liquor licence.

CBRE Hotels’ Mr Bunz said; We are confident that investors will take a long-term view of this asset given the quality covenant and long-term potential redevelopment of the site, which is situated in the growth corridor between Brisbane, Ipswich and the Gold Coast.” 

The EOI process closes on Thursday 28th June 2018 at 4pm (AEST).

To discuss the sale in further detail phone or email Paul Fraser or Wayne Bunz via the below contact details.

See also:

Brand new Best Western Plus North Lakes Hotel opens

Brisbane's Jubilee Hotel redevelopment approved

One of Brisbane's favourite pubs is looking for a new owner