Hotel/Leisure
ID 64354Updated
Sold
Meadowbrook Hotel
7 Logandowns Drive
Meadowbrook, Queensland, 4131
Please contact us for price
- Size5,934 SQM
Tom Gleeson
Vice President, Investment Sales
Agent details
John Musca
National Director - Pub Investment Sales
Agent details
- Description
- Building Information
- Location
- Agents
Description
Revitalised Top 20 QLD Gaming Hotel
JLL Hotels & Hospitality Group is pleased to exclusively offer to market the Meadowbrook Hotel, Meadowbrook – the first Top 20 gaming Leasehold offered to market in 10 years.
- Rarely offered gaming-centric hotel with 40 high performing gaming machines with 4am licence - consistently within Top 20 QLD Rankings!
- Excellent trade drivers underpinned by proximity to Logan Hospital, University, Meadowbrook Plaza, train station and Woolworths-anchored shopping centre
- Weekly net gaming showing 30% increase (Rolling 6 months vs prior 12 months)
- Efficiently designed hotel consisting of gaming room, 20 accommodation rooms, sports bar and bistro, beer garden, drive-through and detached bottleshops
- Limited comparable competition and incredibly high boundaries to entry
- Strategic capital expenditure refurbishment program recently completed - no CAPEX required
- Lease expiry 2026 plus 2 x 15 year options (final lease expiry 2056)
- Opportunity to add 5 further gaming machines (approved for 45)
To obtain a copy of the Information Memorandum, please contact the exclusive agents.
For Sale via Expressions of Interest closing Thursday 27 October 2022 at 4:00pm (unless sold prior)
JLL Hotels & Hospitality Group is pleased to exclusively offer to market the Meadowbrook Hotel, Meadowbrook – the first Top 20 gaming Leasehold offered to market in 10 years.
- Rarely offered gaming-centric hotel with 40 high performing gaming machines with 4am licence - consistently within Top 20 QLD Rankings!
- Excellent trade drivers underpinned by proximity to Logan Hospital, University, Meadowbrook Plaza, train station and Woolworths-anchored shopping centre
- Weekly net gaming showing 30% increase (Rolling 6 months vs prior 12 months)
- Efficiently designed hotel consisting of gaming room, 20 accommodation rooms, sports bar and bistro, beer garden, drive-through and detached bottleshops
- Limited comparable competition and incredibly high boundaries to entry
- Strategic capital expenditure refurbishment program recently completed - no CAPEX required
- Lease expiry 2026 plus 2 x 15 year options (final lease expiry 2056)
- Opportunity to add 5 further gaming machines (approved for 45)
To obtain a copy of the Information Memorandum, please contact the exclusive agents.
For Sale via Expressions of Interest closing Thursday 27 October 2022 at 4:00pm (unless sold prior)
Location
Agents
Tom Gleeson
Vice President, Investment Sales
Agent details
John Musca
National Director - Pub Investment Sales
Agent details