• Current Rent $98,800 + GST + Outgoings
• 8 % ROI
• Securely Leased to 2026 with Renewals to 2036
• 3% Annual Rent Review
• Total Building Area 498 m2 , Site Area 1912 m2
• FOR SALE @ $1 200 000
The property comprises a Cocktail Bar, Bistro, Main Dining Room (seating 150 pax), several outdoor Dining Areas including an extensive landscaped Arbour function area & 14 Car Parks.
The Capricornian (awarded Restaurant of the Year Nth Qld 2011) has long been a go-to destination for special occasion dining as well as corporate and premium private functions.
More importantly its strategic positioning amongst a group of Motels without restaurants of their own creates a unique nexus, further securing an ongoing patronage on a daily basis. A Pedestrian Walk through and a Direct Dial Room Service facility consolidates the convenient relationship with the adjacent guests.
The Capricornian is located in the Central Highlands Region of Qld in the township of Emerald – driven by agriculture and resources it is a prosperous micro-economic ‘bubble’ with a long standing robust commercial profile which continues to thrive, well removed from the issues impacting the more densely populated urban areas.
The Capricornian – an Iconic Central Qld Hospitality Venue
Contact Clinton Adams for full details.
Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Interested parties should make their own enquiries to verify the information contained in this advertisement.