Queensland based funds manager, Stronghold Investments, opened its first regional investment fund on Wednesday 7th March, 2018 to raise $7.5million in equity for the purchase of the Brothers Sports Club Bundaberg and associated land holdings.
Executive Director and Head of Property Steve de Nys said the Stronghold Hospitality Property Trust No 14, was a unique opportunity for wholesale investors to leverage the growing confidence in the regional Queensland economy and own an important part of the Queensland sporting community.
“In 1970, the Past Brothers Rugby League Football Club opened the doors of its 8.1ha sporting complex on the main road into Bundaberg (Takalvan Street) – it was the first licensed League club in Queensland,” Mr de Nys said.
“Today the Club services approximately 25,000 members and last year had total revenue of circa $14.5 million, providing almost $1 million in funding to its intra clubs and other recreation and community organisations in the region.”
Mr de Nys also said under the terms of sale, a new 15-year Lease was agreed with the Club.
He said the Brothers Sports Club Bundaberg was in a strong position to capitalise on the sale, the growing regional economy and its gateway location. The Club is surrounded by major community facilities and infrastructure, including the airport (within 1km) and the new $30m Coles anchored Stockland Kensington shopping centre next door.
“The Bundaberg regional economy is thriving, growing by 13.2% last year. In 2016/17 the estimated Gross Regional Product (GRP) for the Bundaberg Region was $4.6 billion, representing 1.4% of the Queensland Gross State Product. [Source: Lawrence Consulting].
“The Club is in great shape to service the growing population (1.1% annually), and as the new landholders, we hope to add improvements that will provide additional services to the Bundaberg community and further enhance the amenity of the precinct for the benefit of the club and its members.
The Stronghold Hospitality Property Trust No 14 is forecast to provide wholesale investors with cash return of 9.5% in year 1, increasing to 10.25% per annum by year 3. Distributions will be paid every second month.
“This advice is general advice, not personal advice so you can’t assume it will be suitable for you. It does not take into account your objectives, financial situation or needs so you will need to consider if the advice is appropriate for you.”
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For a copy of the STRONGHOLD HOSPITALITY PROPERTY TRUST NO. 15
INFORMATION MEMORANDUM or INVESTMENT SUMMARY please contact Steve de Nys on 0413 515 808 or email email@example.com