1 Saint Judes Lane, Ballandean, QLD 4382

Price: $850,000

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For Sale Ballandean Tavern (Free Hold) Great Investment Opportunity

82865


For sale The Ballandean Tavern. A great Investment opportunity.
Property Details .
I am selling the land and buildings of the Ballandean Tavern approximately 4300 square metres (0.4366 HA) at 1 St Judes Lane Ballandean Qld 4382.
There is currently a five year lease with a further 5 year option.
Lease started on the 21 December 2018. Lease transfers with sale to the new owners.
Income $57,200.00 per annum. $1,100.00 per week including GST
Income reviewed after 2 years (December 2020) and then yearly after that according to lease.
The lease is available for viewing to approved applicants.
Ballandean area has a current growth rate of approximately 2% year.
Asking Price: $850,000.00
Income: 6.70%*
Growth: 2.00%*
Total return PA: 8.70% on Investment*.

• Indication only. May not be the actual return.
• Gross return before deductions (ie rates and insurance) and tax. (NLT) not limited to.

The Ballandean Tavern is in excellent condition. Building and property maintenance has been a priority.
The outside is a modern looking Sand Stone brick building with large verandahs on 2 sides extending the length of the building. Weather proof lightly tinted clear plastic blinds in tracts for easy lifting and closing run along one and a half sides of the verandahs.
Inside has high timber ceiling with triangle exposed wooden beams and specific lighting to highlight different areas.
The gardens are low maintenance with local native Wallangarra gums and native Callistamons with beautiful ground covers.
Tavern consists of Main bar area with 6 poring taps (Beer). A large restaurant and Kitchen with a capacity of 40+ inside and up to 50+ outside.
Bar consists of Large wooden bar serving area (known as the Black Bridge Bar), an 8- door product fridge (from cold room), Stainless Steel Island Unit with 4 door fridge and one large double product fridge. Shelving for display bottles. There are 2 internet connect tills for easy product update, large sink area with independent electric hot water system, and glass washing machine. Eftpos facilities.
The Kitchen is primarily run on gas. The Kitchen is all kitchen grade fully wrapped stainless steel with a 2- bay deep fryer, a large oven with hotplates, char grill burner, flat grill burner, 2 microwaves, salamander/grill, bain-marie, 2 large sinks and a dish washer. 2 large deep freezes, 3 large vertical twin door fridges.
There are 2 large gas bottles outside that also supply gas for hot water to the kitchen, Motel style accommodation and the apartment attached to the Tavern. 5 gas hot water systems supplies hot water to the motel, apartment and kitchen and one electric hot water system under the bar.
Pool table (recently refurbished 2019), darts area, wood fire area.
I have recently (2018) installed 2 Reverse cycle air conditioning units. One in the bar area 9kw and one in the restaurant area 8kw. Keeping the tavern and restaurant cool in summer and warm in winter.
The Ballandean Tavern is disabled friendly. All on one level (wheel chair access to the whole tavern) and male and female disabled friendly toilets with one specific toilet marked for disabled. 3 toilets all up in the tavern.
Male Toilet: 2 urinals and one toilet bay.
Female Toilet: 2 toilet bays.
Disable Toilet: one open plan toilet area with sink, hand rails and a disable style toilet.
Fully bitumen carpark and drive way with 16 car parks and one long caravan carpark for the tavern and 6 car parks for the motel style Units. One car park marked for disabled.
There is a 3-car bay with extension for storage large shed. Approximately 15m X 6m= 90 square metres.
There are 3 cold rooms. Beer Keg cold room, beer and product cold room with 8 fridge doors opening into bar area and a food cold room for the kitchen products.
There is 3- large 15000 gallon cement water tanks (67,500 litres of water storage).
A large environmentally friendly bio-cycle sewage system with reticulated watering system that supplies water to the gardens.
The Tavern lends its self to events with the large grass area at the front and to the northern boundary.

Accommodation
There are 4 beautifully appointed motel style units. One unit specifically marked disabled, one family unit and 2 standard motel units. The unit with disabled facilities, has an extra-large bathroom with an open shower for wheel chair access and hand rails at the toilet and in the shower.
Bed configuration of Units
Unit 1: Queen Bed and single bed
Unit 2: Queen bed and single bed
Unit 3: queen bed and single bed
Unit 4: Queen bed and 3 single beds.
Each Unit has Fridge, tea and coffee making facilities, toaster, Microwave, plates, cutlery, and wine knife.
Attached to the Tavern is a 3-bedroom apartment (built-in cupboards in each room) with separate bathroom and toilet. Approximately 90 square metres. (Usually reserved for a manager residence).

About the Ballandean District.
Ballandean Tavern is in the heart of the Granite Belt wine country with more than 50 wineries and cellar doors (20 wineries within a 10 minute drive of the Tavern). In the district we have over 50 restaurants. There are 4 national parks: The main one being Girraween National Park (15minutes), Sundown National park (45 minutes), Bald Rock National park (one hour) and Boonoo Boonoo National Park (one hour) and 3 golf courses within a 20 minute drive.
The Tavern is very busy all year round. There is a very busy tourist season which runs from Easter until November each year. Friday and Saturday nights are always full of tourists and travellers and locals.
Being a very big small crop area (tomatoes, capsicum, lettuce, zucchini, grapes, garlic, stone fruit, and the list goes on) there are a lot of backpackers the frequent the tavern every afternoon after work.
Being the only Tavern between Stanthorpe and the border of Queensland and New South Wales (50km) many locals are at the tavern to have a drink after work and to pick up supplies to take home.
The Ballandean has a very good reputation for food and hospitality and many locals come from Stanthorpe, Warwick and Tenterfield just to eat at the Tavern.
The moto for the Ballandean Tavern is "Fine Ale, Fine Food, Fine Wine, Fined Us".

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Mobile: 0488 849 770
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