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Brothers Sporting Club Bundaberg to by offered for syndication

130 Takalvan St, Bundaberg Qld

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.

The property was purchased for 10.9M which showed an inital yeild of around 10% per annum. The real estate, included a massive land holding on 8 hectares of land, and with so much land, there was a sizable portion not being used by the club which gave investors additional income potential with the further development of the property.
 
Commenting on the sale, Robert Stanley-Turner, from Box Commercial Estate Agents, said,‘Hospitality purchases are rare for fund managers but this site is in a prime location surrounded by Coles, Harvey Norman, Bunnings and Bundaberg airport, near the entrance to Bundaberg on the Bruce Highway. Some of the land is taken up by sports fields but 8 hectares means there’s plenty of room to develop.’

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.

 

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Agent Details

Robert Stanley-Turner

Director

Location

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