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202 Barkly Street St Kilda VIC 3182

  • Hotel, Motel, Pub & Leisure
  • 1,308 m²
  • For Sale, Contact Agent

Landmark investment in Melbourne's most vibrant suburb

  • Blue chip covenant
  • New net lease with c. $1.45m income
  • Leased to 2031 plus 4x10 year options

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.

Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
MingXuan Li
JLL - Melbourne
MingXuan Li
JLL - Melbourne

Property Highlights

Property ID2017363678
Floor Area1,308 m²
Land Area1,308 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Virtual TourView Tour
Category
Last updated  27 Oct 2021
Map for 202 Barkly Street St Kilda VIC 3182
Map for 202 Barkly Street St Kilda VIC 3182202 Barkly Street St Kilda VIC 3182
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
MingXuan Li
JLL - Melbourne
MingXuan Li
JLL - Melbourne

Property Highlights

Property ID2017363678
Floor Area1,308 m²
Land Area1,308 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Virtual TourView Tour
Category
Last updated  27 Oct 2021
JLL - Hotels & Hospitality Group
Level 25, 420 George Street Sydney NSW 2000
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
MingXuan Li
JLL - Melbourne
MingXuan Li
JLL - Melbourne
Will Connolly

Will Connolly

JLL - Hotels & Hospitality Group

Stuart Taylor

Stuart Taylor

JLL - Melbourne

Tom Noonan

Tom Noonan

JLL - Melbourne

MingXuan Li

MingXuan Li

JLL - Melbourne

0432 *** ***
0432 116 287

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