Prominent piece of Tasmania’s food trail hits the market
Award-winning Bruny Island Cheese Co is selling its freehold production and retail facility as part of a strategic expansion which includes further on and off-site operations.
Twice-bestowed the Tasmanian Food Tourism Business Award, the artisan cheese maker – which also produces an acclaimed line of ales and other brews through the Bruny Island Beer Co – is seeking a sale with leaseback of a potential 12 years. LJ Hooker Commercial Hobart’s Alan Clark is managing the Expressions of Interest campaign.
The leaseback will enable the producers – who, since 2003, have won multiple national and international awards for their milk-based cheeses – to accommodate ongoing growth. The company has built an extensive domestic customer base since opening in 2003 and also supplies directly to retailers and restaurants. Its accompanying Bruny Island Beer Co has attracted some of Tasmania’s most innovative brewers to a brand which now offers more than half a dozen year-round and seasonal labels.
Adding to the appeal of the asset, additional nearby ferry services from Tasmania have been announced for 2019 to support Bruny Island’s popularity on the food trail, said Mr Clark.
“Being only 16kms from the Roberts Point Ferry Terminal, the tenant’s exposure to the main Bruny Island tourist route and its own profile makes it well-positioned to capitalise on the new wave of tourism,” he said.
“The seller is firmly focused on the next phase of growth with the benefit of 15 years’ success behind them. This is an opportunity for an investor to acquire a freehold, stand-alone facility, supported by a long-term tenancy from one of Tasmania’s best exports and a must-do on the state’s food-tourism trail.
“Australia’s growing appreciation of the provenance of food perfectly complements Bruny Island Cheese Co’s business vision.”
The tenant will generate approximately $99,000 per annum after outgoings and will hold responsibility for all internal maintenance of buildings and equipment.
Located on almost two acres, the property includes two main customised buildings: a primary retail and facility with thermal lined and climactic controlled areas used as a cheese production facility and cool rooms; and a warehouse building housing the brewery facility and packing shed.
The main retail building includes a servery and bar and fully-equipped commercial kitchen. The first-floor level includes an office and compact bedsit and bathroom.
The brewery has a clear-span packing room providing access to a cool room and freezer store with stairs to a mezzanine storage area. A separate bay is utilised as a brewery and packing room.
The EOI campaign closes November 2.
For further information, contact Alan Clark at LJ Hooker Commercial Hobart on 0419 788 237.
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