112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
112 Boronia Road
Hotel/Leisure
retail
ID 42750
Updated
Sold

Boronia Hotel

112 Boronia Road

Boronia, Victoria, 3155

Please contact us for price

  • Size7,079 SQM 
John Musca

John Musca

National Director - Pub Investment Sales

Agent details

Will Connolly

Will Connolly

Senior Vice President - Hotel Investment Sales - Pubs

Agent details

  • Description
  • Building Information
  • Location
  • Agents

Description

Exceptional Hospitality & Retail Investment

JLL Hotels & Hospitality, together with Cropley Commercial, are pleased to present for sale the Boronia Hotel, representing an exceptional opportunity to secure a coveted hospitality & retail investment within Melbourne’s extremely competitive gaming sector.

Currently leased to a multi-venue hotel operator, the property is underpinned by a highly valuable triple net lease offering long term security, occupying a high profile 7,053sqm* corner site within the rapidly evolving metropolitan suburb of Boronia.

Investment highlights include:

* Large scale hospitality & retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge with 80 EGMs, large indoor children’s play area and extensive on-site parking
* Recently refurbished with high end facilities
* Triple net lease with 2.5% annual increases and current net income of $1,200,000
* Securely leased to experienced multi-venue hotel operators
* Long term lease to 2041 with 2 x 20-year options
* Large 7,053sqm* high profile, 29km east of the CBD
* Located in Major Activity Centre with Commercial 1 and Mixed Use zoning

*Approx.

For sale by Expressions of Interest closing Thursday 14 October 2021 at 5:00pm AEDT.

Location

Agents

John Musca

John Musca

National Director - Pub Investment Sales

Agent details

Will Connolly

Will Connolly

Senior Vice President - Hotel Investment Sales - Pubs

Agent details