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.
