Dating back to the late 1800's, the Burdekin is a historical five storey pub located at the gateway of Oxford Street and overlooking Hyde Park. Through its many club nights and live bands, it continues to attract a loyal and eclectic clientele. The popular institution features a basement bar, a public bar, a band room and two functions rooms. A new and exciting rooftop restaurant and cocktail bar with views over Hyde Park, the city, and the East was added last year.
All areas are accessible via a passenger lift and a commercial kitchen is located on level one. The property features a rare 24 hour licence and 3 poker machines entitlements.
Zoned B2 local centre on a large 234 sqm block and favourable planning control in place there's significant redevelopment opportunities. (STCA).
Leased to an established and proven operator the property provides a secure income stream, all outgoings are paid by the tenant.
Key highlights
/ Net rental of $436,363.63 + GST per annum with 100% outgoings paid by the tenant.
/ Newly renovated roof top bar with fantastic district & harbour views.
/ Rare 24 hour hotel licence with 3 poker machine entitlements is to remain with the property of the lessor.
/ Secure long lease expiring in 2026 with a further 5 year option.
/ Favourable planning controls with future development upside (STCA).
Expressions of interest closing on Thursday, 21st October 2021 at 4pm.
For more information or to organise a private inspection, please contact Steffan Ippolito 0403 347 111 or Dimitrios Franze 0406 558 855.
Remember to mention you found this property on CommercialReady.com.au
