Iconic long-term leasehold hotel opportunity
HTL Property are excited to bring to market the Leasehold interest in the GPO Hotel Fortitude Valley, Brisbane, on behalf of the current owners.
The building, formerly the Fortitude Valley Post Office, is located approximately 1.5km’s from Brisbane’s CBD within Fortitude Valley, Brisbane’s nightlife entertainment precinct. The property benefits from a highly visible position, offering a dual street frontage (including Ann Street), with close proximity to Brunswick Mall, Howard Smith Wharf and the Valley Metro redevelopment.
On offer to purchase is a 40-year lease (4 x 10 years), with favourable lease terms, Vendor contributions and incentives available.
The sales campaign is being handled by HTL Property’s Queensland Director, Glenn Price.
Trading by way of a Commercial Hotel Licence the GPO Hotel has been operated by industry entities Matt Blyth and Trent Meade for the past 8 years, and currently runs as a successful night club venue 2 nights a week.
With the ever-changing face of Fortitude Valley, through the re-gentrification of the area, the GPO offers an incoming operator a blank canvas opportunity to create the next iconic Hotel operation for Brisbane.
“The business generates strong cash flows in its current format, providing a great platform to build upon. The opportunity is expected to appeal to incoming operators, who may look to reposition the business into a 7 day a week multifaceted pub” said Price.
“The success of The Osborne Hotel is a great example of what could potentially lay ahead for the GPO, through way of repositioning and capital investment. The Landlord has confirmed he is prepared to contribute to some of the CAPEX works to assist an incoming operator” commented Price.
In 2016 the Freehold Land and Building of the GPO Hotel was purchased by Melbourne based businessman Tony Schiavello, who purchased the asset from the now inoperative Lantern Hotel Group, for circa $6million.
The Leasehold interest of the GPO Hotel is being offered for sale exclusively by HTL Property, through an Expression of Interest campaign closing 5th June 2019.
HTL Property, 10th May 2019
