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112 Boronia Road
Boronia VIC 3155
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Sold on 6 Jan 2022

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.

JLL - Hotels & Hospitality Group
JLL - Hotels & Hospitality Group
Level 27/180 George St
Sydney, NSW 2000

Property Highlights

Date Sold6 Jan 2022
Floor Area7,079 m²
Land Area7,053 m²
ParkingOn site parking available
Virtual TourView Tour
Property ID2017260441
Category
Last updated  9 May 2022
Map for 112 Boronia Road Boronia VIC 3155

Nearest transport* to 112 Boronia Road Boronia VIC 3155

Bus
Train
Park Cres/Dorset Rd (Boronia)209 m
Boronia Rd/Floriston Rd (Boronia)220 m
Boronia Rd/Floriston Rd (Boronia)220 m
Park Cres/Dorset Rd (Boronia)221 m
This data is © 2024 Department of Transport and Planning (VIC), licenced under CC BY 4.0.
*Within a 4km radius
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JLL - Hotels & Hospitality Group
JLL - Hotels & Hospitality Group
Level 27/180 George St
Sydney, NSW 2000

Property Highlights

Date Sold6 Jan 2022
Floor Area7,079 m²
Land Area7,053 m²
ParkingOn site parking available
Virtual TourView Tour
Property ID2017260441
Category
Last updated  9 May 2022

Co-Agents

John Musca
John Musca
JLL - Hotels & Hospitality Group
Call
0424 257 004
Will Connolly
Will Connolly
JLL - Hotels & Hospitality Group
Call
0432 116 287
George Iliopulos
George Iliopulos
Cropley Commercial Pty Ltd
Call
0414374161
Steve Cropley
Steve Cropley
Cropley Commercial Pty Ltd
Call
0407886662

More about 112 Boronia Road Boronia VIC 3155

112 Boronia Road Boronia VIC 3155 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 7,079 m² and a land area of 7,053 m². The listing ID for this property is 2017260441.