Project Overview

Location: 275 McCullough Street, Sunnybank, QLD 4109

 

The property in southern suburb of Brisbane occupies a prime corner location on a 27,556m² site comprised of a hotel, Dan Murphy’s liquor barn and BWS bottle shop. The property is on the corner of McCullough Street and Mains Road, Sunnybank, and is surrounded by major shopping centres (Sunnybank Plaza, Sunny Park and Market Square), a mix of retail and a range of residential homes.

 

The Sunnybank Hotel is leased to Australian Leisure and Hospitality Group Limited (ALH), the largest and most successful hotel operator in Australia. The lease terms include an initial term of 25 years from November 2003 to November 2028 plus four 10-year options.

Sunshine Investments International is currently exploring the joint development initiative with ALH. We are currently in negotiation with ALH with a view to reaching an in principle agreement with ALH regarding the draft development plan. 

 

 

 

Development Potential

Key development parameters (acceptable outcomes):

– Bldg height: 4 storeys. Greater heights could be achieved in the body of the site as long as the building heights are stepped down to adjoining residential development.

 

– Max Gross Floor Area (GFA): approximately 100,000 m²

 

– Max site cover: 90%,  i.e. the total gfa can be approximately 100,000m² (27,556*90%*4)

 

– Min setbacks: As per the Centre or Mixed Use Code

 

– On-site parking requirement: 5bays/100m² GFA

 

– Typical centre activities include function rooms, health care services, indoor sport & recreation, offices, shops, food and drink outlets, theatre, nightclub, karaoke bar, bank, travel agent, apartments, accommodation hotel, motel, child care centre, service retail outlets, service station/car wash.

 

 

 

 

物业简介

该地块位于布里斯班南区著名的华人区Sunnybank区最热闹的McCullough St和Mains Rd十字路口四个角落中的一个。周围有Sunnybank Plaza, Sunny Park, Market Square等大型商场、餐馆、娱乐中心。

 

ALH公司是该物业的租户，主要从事卖酒、酒吧、老虎机，赌注站以及新利班汽车旅店的经营业务。按照目前的租赁合同，ALH从2003年11月开始租期为25年加随后4个10年的期权。若ALH行使所有的期权（40年）则该租赁应到2068年结束（尚有54年）。租赁合同中明确ALH享有独家土地开发权（取决于地主的许可）。前提是开发前后要做市场租赁评估以适当调整租金。

 

鉴于ALH长期租赁合同的存在，谁拥有该物业土地的开发权其实不是很重要。即使现在开发权在阳光国际投资公司（本公司）手里，未经ALH的同意物业开发也是不能进行下去的。我方公司现在正在与ALH方交涉致力于达成共同开发的协议。

 

开发潜力

该物业占地面积为27,556平方米，按照目前的市政府规划，该土地性质属于地域性商业中心。最大场地面积覆盖率为90%，可建高度为4层楼，停车场要求是每100平方米5个车位，绿地景观面积应为场地面积的10%。所以总建筑面积估计可达10万平方左右（27,556*90%*4）。城市规划师认为，市政府在楼高问题上可以放宽要求，但关键是楼高不能影响周边的居民住房的光线。