A UNIQUE “LIFESTYLE/BUSINESS OPPORTUNITY”

(INDIAN OCEAN; GST FREE AUSTRALIAN TERRITORY)

Freehold Prime Ocean front land, including:

"The Golden Bosun Tavern & Restaurant"

Featuring:

• PRIME WATERFRONT FREEHOLD 1500sqm LAND, COMPRISING: 1500 sqm site with potential for subdivision into separate 450sqm waterfront block for *new home or *commercial building *subject to approvals

• FULLY RENOVATED BUILDING, Trading as:
• (‘THE GOLDEN BOSUN TAVERN & RESTAURANT” AND MANAGER’S RESIDENCE)

• LIQUOR LICENSE (subject to transfer)

With panoramic ocean views, backed by lush tropical rainforest and located in the main tourism precinct on idyllic Christmas Island, this prime property presents a rare opportunity to combine an idyllic lifestyle with income, in a progressive developing touristic environment.

The substantially renovated property is being sold “Freehold”, with the Tavern and Liquor License transfer included in the sale. Christmas Island is entering an exciting phase of development which will reflect positively on the island’s economy. The following is a brief summary of the property. Further detailed information can be obtained by contacting the Selling Agent.

Golden Bosun Tavern and Restaurant: The Golden Bosun Tavern and Restaurant is a perfect ‘Tropical Island Lifestyle’ choice. Whether it be a couple who would operate both front of house Bar Management and the Chef / Restaurant operations, or an existing licensee wishing to add to their tavern portfolio. Existing owners have operated the Tavern successfully for approx 15 years. The property is located within the principal tourist / retail precinct on Christmas Island (an Australian territory) located on a prime 1,500 sqm waterfront site. The Tavern has a gross building area of approximately 270 square metres, plus extensive patron & dining veranda areas of 180 square metres. It also encompasses freestanding storage shed area of 30 square metres. The building area comprises of an ocean front public bar and associated veranda seating area and a terraced outdoor beer garden section. The Restaurant Veranda directly overlooks the beautiful, ever-changing Indian Ocean. A spacious and practical kitchen, with adjoining cold room, storage areas, a modern administrative office, manager / owner accommodation quarters and male and female toilets (with additional female toilets for the Restaurant) make up the balance of the premises. · The total Building area, including veranda’s, is approximately 530 square metres.· There is approximately 220 square metres of ocean front vacant land.· The remaining land compromises of landscaped gardens, driveways, park bays and paved areas completing the total site area of 1500 square metres.

Fixtures and Fittings/Plant and Equipment:On application, included in the purchase price.

Completed Renovations and Improvements:Extensive development has resulted in an outstanding property that has been thoughtfully designed to integrate function whilst taking full advantage of the Islands year round tropical climate. Its open plan layout, lush gardens and ocean views combine to create a perfect, relaxed ambience. Considerable value has been added with the major works and improvements carried out, including:

• construction of bar servery wing, decking & undercover area
• installation of storm water & drainage
• complete new plumbing fit out to entire property
• complete new electrical fit out to entire property
• fit out of commercial kitchen
• installation of commercial cold room
• building of retainer walls
• landscaping of gardens and surrounds with extensive planting of coconut palms
• and local plants
• paving of beer garden & servery area
• tiling of most internal areas
• installation of male / female toilets
• installation of bar/servery in restaurant section
• concreting of entry & parking areas
• complete renovation of rear of building into accommodation to include an
• open plan living area with kitchen/bathroom, modern office & storage sheds

The building has been recently upgraded and is presented for sale in excellent condition with only minimal ongoing maintenance foreseen in the near future.

Location:More specifically, the property is located within the main tourist and retail precinct, within the suburb of Settlement, approximately 0.5 kilometres from the main town centre and port. Gaze Road, the Islands major commercial strip, backs the property and allows great exposure to passing traffic. The location lends itself to plenty of walk-by traffic also with a mix of retail businesses within close vicinity, including: Hairdresser/beauty, Travel agent, Surf shop, Fishing/outdoor shop, Dive shop, Newsagent, Pharmacy, Electrical goods retailer, Super market and Service station. The majority of the Islands tourist accommodation is located within easy walking distance, making ‘The Bosun’ the most convenient and preferred venue. These include Sunset Resort, the historic VQ3, Captains Last Resort, Captains Retreat and Captains Cottage all within 100m, then Mango Tree Lodge a further 10 minutes away. Island Activities:Christmas Island, through its isolation has developed its own sustainable eco system with unique flora and fauna, endemic species and lush jungle environment. Chinese and Malay cultures influence the island with many festivals throughout the year and together with the colonial history there is something for everyone who has the pleasure of holidaying on the island. Panoramic Golf Course, Diving, Deep Sea Fishing, Bird Watching, Eco Tourism, Whale Sharks, Snorkelling, Nature Walks, Red Crab Migration….. lots to see, lots to do! Please go online to view the Island website and its many links to tourism activities: www.christmas.net.au