Alexandra Headland’s Alex Hotel has been listed for sale, presenting investors with an opportunity to capitalise on the Sunshine Coast’s booming real estate market.
The beachfront hotel, neighbouring bars, café and bottle shop are currently leased to ASX listed Endeavour Group’s Australian Leisure and Hospitality (ALH), one of the country’s largest operators of licensed premises with 350 licensed venues.
The 934sqm venue has leases and options in place until 2050 and a current net annual income of $676,000.
Situated on a corner site across the road from the Alexandra Headland foreshore, the Alex Hotel is midway between Caloundra and Noosa and 1km from the developing new CBD at Maroochydore.
CBRE’s Louisa Blennerhassett, Rem Rafter, and Paul Fraser are managing the sale on behalf of a private, interstate-based family vendor.
“Alexandra Headland is one of the Sunshine Coast’s most popular beachside localities. It is a destination known for its pristine beach, as well as the vibrant community that exists around it, with a strong retail, entertainment and dining precinct,” Ms Blennerhassett said.
“The Sunshine Coast is one of Australia’s fastest-growing, most dynamic locations. Growth in the region is expected to continue at an above-average rate for many years to come, driven by the world class coastal location, population growth, and unprecedented investment in a wide range of infrastructure.”
Mr Fraser added, “It’s not very often the opportunity arises to acquire an asset with the combination of a blue-chip tenant, tenure and location. Due to this, we expect to see strong national enquiry throughout this campaign, off the back of a year in which Queensland’s pub industry saw exceptional growth.”
The Alex Hotel will be sold via an Expressions of Interest campaign closing on Wednesday, 1 March 2023.
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