7 Logandowns Drive
7 Logandowns Drive
7 Logandowns Drive
7 Logandowns Drive
Hotel/Leisure
ID 64354
Updated
Sold

Meadowbrook Hotel

7 Logandowns Drive

Meadowbrook, Queensland, 4131

Please contact us for price

  • Size5,934 SQM 
Tom Gleeson

Tom Gleeson

Vice President, Investment Sales

Agent details

John Musca

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)

Location

Agents

Tom Gleeson

Tom Gleeson

Vice President, Investment Sales

Agent details

John Musca

John Musca

National Director - Pub Investment Sales

Agent details