42 Nerang Street

Southport QLD 4215

Jackson Rameau of RWC Gold Coast is delighted to offer to the market this 'Trophy' investment opportunity. After 25 years of ownership, the two directors, now in their late seventies, are highly motivated by health issues and advancing age to sell this prime investment property. The Cecil Hotel is a premier investment asset, ideally situated at a prominent corner intersection within the central business district of Southport on the Gold Coast. The majority of it's income is secured by a long-term lease with ALH Group, a subsidiary of Endeavour Group which was originally founded by Woolworths Group. In addition to the Cecil Hotel, this outstanding offering includes five street-front restaurants and three first-floor offices. Subject to planning approval, the property also offers potential for redevelopment of up to 40 levels.Key features of the Cecil Hotel holding include; The Cecil Hotel - ALH Lease to 2035 plus options to 2055 + 8 other tenants Includes 5 retail shops leased to established restaurants and caf's plus 3 office tenancies ASX listed Endeavour Group: ALH: 85.4% owned by ASX listed Endeavour Group with a market capitalisation of$9.86* billion Net Income: $957,373* + GST + Outgoings ALH Group pay outgoings as per their office and hotel leases Next market review for ALH Group due 14 April 2025 Ratchet clause within lease to ALH Group ensures net income continues to increase CPI and fixed annual rent increases Gaming licenses for 35 poker machines Upon the expiry, or sooner determination of the Lease, the Tenant shall transfer the original 30 OperatingAuthorities to the Landlord for the consideration of $1. Current value is $14,559,060*, which is the last tenderresults as of 5/06/2024 Prominent 1,889m2* site on the south-western corner of the intersection of Nerang Street and Scarborough Street Situated opposite Australia Fair Shopping Centre,light rail station and TAFE Qld The subject site is located directly in front of the G-Link Tram known as the "Southport" platform Highly favourable Precinct 1 (CBD) zoning, offering untapped development opportunities^ Southport is a well serviced, growing central business district home to 8,600*+ businesses and 30,000*+ workers Positioned to leverage SEQ's economic boost from the 2032 Olympic and Paralympic Games, with a projected$8.1 billion direct benefit to the Queensland economy (Source: KPMG, 2021) For Sale via Auction due to advancing age and ill-health. Absolutely will be sold!Offered for sale via Public Auction to be held 11am Thursday 17th October 2024 at the Gold Coast Turf Club, Racecourse Drive, Bundall QLD. For more information or a private inspection, please contact the exclusive marketing agent Jackson Rameau on 0438 451 112.Disclaimer:RWC Gold Coast has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers/lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as RWC Gold Coast divisions toward the recipient with regard to the use of this information and all information given is given without responsibility. This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.