Sentinel Northern Australia Investment Fund - The Black Nugget
Date of Purchase
Dec '23 Net Distribution
About Sentinel Northern Australia Investment Fund
The Black Nugget is a Hotel/Motel located at 81 Mills Avenue in central Moranbah, a town located in the Isaac Council region, approximately 195 kilometres south-west of Mackay. The property is located directly opposite the Moranbah Square and approximately 300 metres from the Moranbah Fair (Coles) Shopping Centre. The Black Nugget comprises an expansive hotel motel with 28 rooms on a large site of 16,970 sqm. The facility comprises five buildings – the hotel building; three motel buildings; and a manager’s house.
The hotel comprises a public/sports bar, gaming room, function room, beer garden, bistro and commercial kitchen, dual-lane drive-through and walk-in bottle shop, and back-of-house areas. The motel buildings comprise 28 motel rooms and 3 x 2-bedroom units currently used as staff accommodation. The manager’s dwelling comprises a 3-bedroom, 2 bathroom house. The Hotel Licence includes one detached bottle shop located within the Moranbah Fair (Coles) Shopping Centre.
The Property is fully leased to Athena Hospitality group on a brand new 20 year triple net lease. Athena Hospitality Group is a highly experienced hotel and hospitality group who owns and operates a number of venues around Queensland and New South Wales.
The Sentinel Northern Australia Investment Fund is an open-ended Trust, comprising Wishart, Palmerston, Trade Court, The Black Nugget, The Conservatory, and Milton.