Leased to AVC, Liquorland, the popular Browns Plains Hotel Queensland for sale through Savills’ Tony Bargwanna and Leon Alaban via an Offers to Purchase process.
The popular Browns Plains Hotel in Queensland has come onto the market and is for sale through Savills’ Tony Bargwanna and Leon Alaban via an Offers to Purchase process.
Browns Plains Hotel is located at 50-64 Browns Plains Road and has been operating since 1976 sealing its position as the true local pub of the catchment area.
Leased to AVC/Liquorland, the conditions feature fixed annual rental increases of 3.0% with the tenant having four years to run on the existing term but with a further option of 10 years. The combined net annual rental is $1.092 million.
AVC (Australian Venue Co.) has become one of the country’s major players operating more than 180 venues across Australia.
The hotel is situated on a 1.65 hectare site within the golden triangle of gaming and the suburb’s vibrant retail precinct. Total floor area is 3,985 square metres.
Facilities include the popular sports bar, beer garden, bistro, alfresco dining, gaming room, function room, liquor barn plus eight motel rooms. The bistro is known as the “Road House Grill” and is accessible from both the function room and alfresco dining. It is serviced by a fully equipped commercial kitchen and glycol beer reticulation system.
Mr Tony Bargwanna, National Director Savills Hotels, said the hotel offered a unique investment opportunity in a fast growing suburb. Browns Plains Hotel has always traded as one of Queenslands strongest venue that is coupled with a 1.65ha land holding and continuous top 5 gaming performance.
Together with a quality tenant this is truely one of the best pub assets I’ve had the pleasure of offering to market, commented Mr Bargwanna.
National Director Savills Hotels, Mr Leon Alaban, said “We are also witnessing a market with increased sales volumes and activity so it’s an exciting time to offer such a significant freehold hotel for sale.”
He said the City of Logan is a diverse location of rivers, urban hubs and open space, bringing together natural beauty, heart-pumping adventure, historical sites, culture and unique shopping experiences.
“Logan is a vibrant and diverse city, offering unique experiences from meditation in the Chinese Chung Tian Buddhist Temple, to the bustling Global Food Markets, each Sunday packed with produce from Asia, Africa and Europe.”
The city is also rich in history, which can be best experienced at the Spirits of the Red Sand, Beenleigh Artisan Distillery, Logan Village and the Beenleigh Historical Village and Museum. There’s also the amazing Distillery Road Markets, with live music, food trucks and possibly Australia’s best coffee. The eastern suburbs are popular shopping destinations, with mega homemaker centres easily accessible from the Pacific Motorway (M1)
Browns Plains is located 24km from the CBD and is a suburb of Logan City. In 2016, the Australian Bureau of Statistics recorded a population of 7,508. The suburb was originally in the north of Beaudesert Shire, but became a part of the Logan local government area when Logan was created in 1979. Browns Plains is situated on the Mt Lindesay Highway, extending from Oxley Creek in the west to an alignment west of Scubby Creek, in the modern suburb of Heritage Park.
Browns Plains has for great transport facilities, the suburb is a terminus for Brisbane City routes, meaning it is an important transport hub connecting Logan City and Brisbane City bus routes.
The residents of Browns Plains have a great variety of attractions, which include the major attraction, ‘The Grand Plaza Shopping centre’ which originally opened in 1994, and extended 13 years later to now include 170 speciality stores, Big W, Target, Kmart, Woolworths, Coles and Aldi.
There are several events that occur in Browns Plains, including the circus which gets held at the main park, or the Forrest Glen Park.
To request a copy of the Information Memorandum please contact one of the marketing agents Savills’ Tony Bargwanna and Leon Alaban via the contact details below.