Queensland Tablelands Region Atherton Hotel for sale - JLL
Contact
Queensland Tablelands Region Atherton Hotel for sale - JLL
The freehold investment interest of the Atherton Hotel for sale by JLL Hotels & Hospitality Group’s Christian Tsalikis & Tom Gleeson along with JLL Retail Investments Ned Mckendry.
-
Queensland Tablelands Region Atherton Hotel for sale - JLL -
Queensland Tablelands Region Atherton Hotel for sale - JLL -
Queensland Tablelands Region Atherton Hotel for sale - JLL
The freehold investment interest of the Atherton Hotel is being offered for sale exclusively by JLL Hotels & Hospitality Group and Retail Investments via an Expression of Interest process.
The Atherton Hotel has a prominent position in the Tablelands Region with a long-term lease (expiring 2032 with 2 x 10 year options) to hospitality and retail conglomerate Endeavour Group, presenting a unique opportunity to secure a premium investment grade asset with a minimal management requirement and strong income profile.
Endeavour Group are a market leader offering a diverse array of hospitality experiences operating more than 350 venues across Australia.
The hotel is situated on a 2,793 square metre site on Main Street in town. Facilities comprise a modern fit out including restaurant, main bar, sports bar, gaming room (20 EGMs), accommodation rooms and BWS drive through. The current rental income is $320,781 (excl. GST).
Location Highlights:
- Current Population: 8,140
- Projected Growth: 9,021 (1.1% growth p.a.) by 2031
- Tablelands Region’s GRP: $1.4bn (an increase of 7.3% on previous year)
Vice President of JLL Hotels & Hospitality Group, Mr Christian Tsalikis, said ““In a market with increased sales volumes and activity it’s an exciting time to offer a quality freehold hotel for sale.”
The Atherton Hotel is being offered for sale via an Expression of Interest process by JLL Hotels & Hospitality Group’s Christian Tsalikis & Tom Gleeson along with JLL Retail Investments Ned Mckendry. The Expression of Interest close date is set for Thursday, 24th November 2022 (if not sold prior).
To request a copy of the Information Memorandum please contact one of the marketing agents via the contact details below.
Related Reading:
Iconic FNQ Venue The Union Jack Hotel for sale by Savills | The Hotel Conversation
Narromine Hotel Motel for sale - JLL | The Hotel Conversation
Beaconsfield’s Cardinia Park Hotel sold $25.4m to Black Rhino Group by JLL | The Hotel Conversation
‘The Goose’ seeks new owner - JLL | The Hotel Conversation
