Diversified Multi-Purpose Investment
Well known, local landmark on the northern edge of Young, beautifully set on an elevated approx. 4.86ha (12ac). Unique leaseback opportunity with potential to on-lease substantial restaurant / retail spaces plus residential land development upside.
Currently owner operated as Bluestill Distillery, Function Centre & Gallery. Attractive 3 year leaseback on offer at attractive 8% gross yield plus contributions to outgoings (on part premises only).
Purpose-built facilities, considerable in size and efficient, incorporating manufacturing, gallery and warehouse areas with loading dock. Its restaurant and retail spaces are open plan and light saturated, consisting of approx. 450sqm's. Includes full commercial kitchen, bar area, two offices, amenities & storage with heating and cooling. Features hexagonal function room seats 90 guests with breathtaking panoramic views over Young.
The complex benefits from all services and large, off street parking area for customers and easy coach access. Adjacent the restaurant is an extensive alfresco area, including children's playground, landscaped gardens and brick barbeques. There's a 3 bedroom manager's residence attached to the complex (approx. 137sqm's) complete with ensuite, office, reverse cycle A/C & carport, also offered under leaseback.
The residual land is gently undulating, zoned R1 General Residential and has the potential for future subdivision STCA. Previous served as a small scale RV park consisting of 16 powered sites with basic amenities.
Christian MinardsI wish to pen a short note about David Coombes of Ray White Young. My parents had an investment property in Young, a very modest weatherboard cottage that had fallen in to disrepair. The state of the house was shocking and uninhabitable , let alone sale-able. I was charged with appointing an agent, and I spoke with two, one from a very established franchise group and David Coombes from Ray White Young. From the very first phone call there was a distinct difference between the two agents. I explained the situation, that we were based in Sydney, needed to sell the house but also needed to get the house in a vastly improved state to sell for a fair price. David Coombes mobilised carpenters, electricians, handymen, glaziers, cleaners and lawnmowers. He went above and beyond, he was always available on the phone , responded to emails and gave us progress reports. David's approach, knowledge and professionalism was nothing less than 100% David's marketing was flawless, and achieved a sale prior to auction that the family were over the moon with. David Coombes of Ray White Young was our guardian angel and I can not rap him enough. We could not have sold the house for the price we achieved without him, no way in the world. I truly believe that he is an absolute credit to the Ray White Group.