Sporting Club Investment - Long Est, long lease, large land
Description
Brothers Sporting Club Bundaberg to by offered for syndication
This trust closed in May of 2018
The prominent sporting facility in Bundaberg was acquired to provide investors with reliable income & growth over the term of the investment. Wholesale-Investors were able to access the investment for mulitples of $100,000 each and the freehold & leasehold details are below.
The venue, which includes a bistro, sports bar, beer garden, gaming machines and a large auditorium, will be leased by the a well-established sporting club with 25,000 members. Bundaberg is the ninth-largest town in Queensland with a population of 70,000, and is around 4.5 hours drive north of Brisbane.
Mr Stanley-Turner also said a hotel would be a logical addition to the site, enabling the venue, which already has multiple dining options and a conference centre, to expand into a central hub for trade shows, conventions and seminars.
‘The club itself was founded in 1947 and there’s an option on the lease, and there’s also substantial upside in the site itself,’ Mr Stanley-Turner said. ‘This kind of investment has the best of both worlds.’
Disclaimer:
All areas and figures are approximate only. All reasonable steps have been taken to ensure the accuracy of this information and this does not constitute any representation by us as agent and should be considered a guide only.
