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Sold on 8 Oct 2021

112 Boronia Road Boronia VIC 3155

  • Hotel, Motel, Pub & Leisure
  • 7,079 m²
  • Sold

Exceptional Hospitality & Retail Investment

  • Triple net lease with 2.5% increases
  • Leased to 2041 + 2 x 20-year options
  • Large 7,079sqm site 29km from CBD

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.

John Musca
JLL - Hotels & Hospitality Group
John Musca
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
George Iliopulos
Cropley Commercial Pty Ltd
George Iliopulos
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd

Property Highlights

Property ID2017260441
Date Sold8 Oct 2021
Floor Area7,079 m²
Land Area7,053 m²
ParkingOn site parking available
Virtual TourView Tour
Category
Last updated  18 Oct 2021
Map for 112 Boronia Road Boronia VIC 3155
Map for 112 Boronia Road Boronia VIC 3155112 Boronia Road Boronia VIC 3155
John Musca
JLL - Hotels & Hospitality Group
John Musca
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
George Iliopulos
Cropley Commercial Pty Ltd
George Iliopulos
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd

Property Highlights

Property ID2017260441
Date Sold8 Oct 2021
Floor Area7,079 m²
Land Area7,053 m²
ParkingOn site parking available
Virtual TourView Tour
Category
Last updated  18 Oct 2021
JLL - Hotels & Hospitality Group
Level 25, 420 George Street Sydney NSW 2000
John Musca
JLL - Hotels & Hospitality Group
John Musca
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
George Iliopulos
Cropley Commercial Pty Ltd
George Iliopulos
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd
Steve Cropley
Cropley Commercial Pty Ltd
John Musca

John Musca

JLL - Hotels & Hospitality Group

Will Connolly

Will Connolly

JLL - Hotels & Hospitality Group

George Iliopulos

George Iliopulos

Cropley Commercial Pty Ltd

Steve Cropley

Steve Cropley

Cropley Commercial Pty Ltd

+61 *** ***
+61 424 257 004

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