Off Market Group is pleased to present this exceptional venue offering award-winning beers, easy eats, and live entertainment, just steps away from the iconic Gabba stadium, soon to be a future Olympic Games site. Boasting an established Commercial Hotel Liquor License with 1am trading, 7 days a week.

KEY HIGHLIGHTS:

• Established Commercial Hotel Liquor License with approved Extended Trading Hours to 1am, 7 days per week.
• Suitable acoustic conditions to support live music
• Eligible for up to 3 Detached Bottle Shops within 10km, TAB and Keno optional and an option for applying for a Gaming License with up to 45 EGMs
• Located immediately opposite the world famous “Gabba” stadium (Note: Latest advice is the stadium will NOT be demolished and will be a future Olympic Games Venue (likely to be T20 cricket))
• Approximately 20 major event days per annum now maintained across AFL, Test Match, One Day and T20 Cricket providing peak surge revenue opportunities. 2024 India Test Match, 2025 Ashes and more are scheduled and the next 5 years will now longer be disturbed by demolition.
• Long lease ending in 2029 with two further five year options to extend up to and beyond the 2032 Olympics. The landlord is collaborative and open to working with tenants on all aspects of the site.
• Multiple bar, function and dining venues across two integrated buildings with DA approval for proposed rooftop beer garden extension
• Cross River Rail main Woolloongabba station located within 150m of the venue providing substantial future potential revenue growth
• Venue located within the core Woolloongabba Priority Development Area with proposed developments up to 75 stories Woolloongabba | State Development and Infrastructure with the plan to deliver 14,000 new dwellings accommodating an estimated 24,000 people.
• Character building with timber floors throughout and great street presentation with Footpath Dining and outdoor area on dual street frontage facing both Logan Road and Stanley Street with more than 20,000 passing cars per day providing significant advertising opportunities
• 26 taps with no tap contracts, complete operational kitchen and all equipment is debt free presenting a walk in opportunity with huge potential for the right buyer to implement a cost effective cosmetic refurbishment.
• Opportunity for collaborative vertical integration of the existing Easy Times Brewing beer brand to maintain existing loyal customer base. The beer brand will continue via an alternate location and is excluded from the sale but sellers are motivated to provide ongoing preferential supply arrangements for the buyer.
• Consistent historical turnover exceeding $1.5million per annum without gaming, TAB or Keno
• Asset depreciation schedule circa $500,000

Contact Leigh for more information about this property.