JLL is proud to exclusively present for sale one of the most anticipated hotel investment offerings in recent years, the Village Belle Hotel, St Kilda. Offered to the market for the first time in over 20 years, this is a once in a lifetime opportunity to acquire one of Melbourne's most iconic properties.
This unprecedented offering includes an adjoining apartment complex located at the rear of the hotel, offering 12 near-new, separately leased, residential apartments.
Investment highlights include:
* Trophy hotel asset, extensively renovated throughout offering premium facilities across four distinct trading areas
* 12 near-new residential apartments, separately leased with a combined annual rental income of c. $300,000
* Prominent corner location in the centre of St Kilda's retail & dining precinct, 6kms south of the Melbourne CBD
* Securely leased to national hospitality operators, Australian Venue Co., who operate over 170 venues across the country
* Estimated net income of $1,458,339 p.a. (including residential complex)
* Brand new, long-term lease with tenant paying all outgoings, including land tax - leased to 2031 with 4 x 10-year options
* Strong growth in annuity income with annual increases of 2% or CPI and a 5% 'cap and collar' review to market at option period
* Exceptional investment in Melbourne's highly sought-after gaming hotel market with 31 EGMs tied to the land
* 1,308sqm* site with Commercial 1 zoning in Metro Melbourne's top beachside suburb
*Approx.
This is your opportunity to acquire an iconic asset in one of Australia's best known beachside locations with the security of a blue chip covenant and high underlying land value.
The Freehold Interest in the Village Belle Hotel is offered for sale via International Expressions of Interest closing Thursday 25 November at 5:00pm AEDT.
For further information on this exceptional opportunity, please contact the exclusive selling agents.
