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Diversified Multi-Purpose InvestmentProperty ID 1692744Well 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.