Yarrabilba Hotel, Yarrabilba

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Yarrabilba Hotel, Yarrabilba

Project Details

Yarrabilba Hotel, Corner of Wongawallan Drive and Shaw St, Yarrabilba Qld

Project

Hotel

Liquor Store / Bottle Shop

Cafe/Bistro

45 Gaming Machines

Conference Venue

Estimated Project Time Frame

12 months

Project Updates

Project Update from Vested Capital as at 11th December 2017:

  • We current have 4 Asset Sale Agreements which the JV parties are negotiating. Each contract has different terms and conditions. When a contract is accepted by all parties, all liquor and gaming authorities must be transferred to new owner and this must be approved by Office of Fair Trading. This process can take several months, and rightly so is a condition contained in all contracts.
  • Vested Capital and it’s JV partners collectively agree and understand that to procure a speedy settlement, a sale to a previous publican would be the most appropriate sale in consideration to transferring all licenses and gaming authorities and timely settlement.
  • Out of the four offers currently being considered, two are from entities who are both publicans but these are also the two lowest of the four. The delays in settling are due to the negotiations held between the parties in efforts to bring the lower offers up to an acceptable selling price knowing that a quick settlement can occur.

Due to Christmas/New Year period the December and January updates will be available early February

Project Update from Vested Capital as at 2nd November 2017:

  • Preference share certificates issued
  • Interested parties finalising their due diligence with closing date for all offers to be submitted by mid November

Project Update from Vested Capital as at 27th September 2017:

  • Currently Closing 4 offers in the range of $4.2 Million - $4.8 Million
  • We are marketing the site to the public to assure we achieve the best results
  • We anticipate a November Settlement
  • Preference share certificates anticipated to be issued by end of September

Project Update from Vested Capital as at 31st August 2017:

Send us an email

Send us an email

We Find Houses
4/57 Township Drive
Burleigh Heads, Queensland 4220
Australia
Postal:
PO Box 105
West Burleigh, Queensland 4219
Australia
Phone: 1800 600 890
Business Hours: 9am – 5pm, Monday – Friday