2 Hotel & Leisure Properties For Sale in Mentone

Prime Mordialloc Investment Opportunity

Tsimos Commercial is delighted offer this rare investment located across from popular Mordialloc Beach and Marina.

The Bay Hotel represents an icon in the area and is situated on a prime corner site. A Premium land holding of 646sqm*.

Investment highlights include:

• Subject to a long term lease (including options) to experienced hospitality operators.
• Net rental income of $330,000 p.a plus GST & outgoings (excluding Land Tax)
• Generous corner site of 646sqm* / Mixed Use (MUZ) Zoning
• Located directly opposite Mordialloc Beach & Foreshore
• High quality fit-out including large pub...

PRIME POSITION SET FOR INVESTORS UP FOR AUCTION

PROPERTIES LIKE THIS ONLY BECOME AVAILABLE EVERY FEW DECADES

PRIME MAIN ROAD POSITION ONE IN FROM CORNER

DUAL ACCESS FROM FRONT AND REAR

EXCELLENT NEW LEASE IN PLACE WITH GOOD RETURN

$45,000 PA plus GST 5 year term

This is the type of property you can buy now and set and forget while the rental income and tenants pay all the bills. Appreciating every year in an area that is growing with quality development near the airport. Buy this now with a view to long term development or simply quality capital growth.

To arrange an inspection or for further information please contact:

Matthew Kenn...