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215 - 221 Sneydes Road Point Cook VIC 3030

  • Hotel, Motel, Pub & Leisure
  • 10,785 m²
  • For Sale, Contact Agent

Exceptional Hospitality & Retail Investment

  • Triple net lease with 3% increases
  • Leased to 2029 + 3 x 10-year options
  • Large 1.079ha site 22km from CBD

JLL is delighted to exclusively present for sale the Freehold Interest in The Brook, located 22 km south-west of the Melbourne CBD in the rapidly developing metropolitan suburb of Point Cook.

The large scale hospitality and retail complex is securely leased to blue chip tenant, Melbourne Racing Club, and is underpinned by a triple net lease structure with long term security, 'A' grade facilities and occupying a commanding 10,785sqm corner site.

Investment highlights include:

* The property comprises a bistro & bar, sports bar with TAB facilities, cafe, gaming lounge & bar with 80 EGMs, large indoor/outdoor children's play area, 200 PAX function room & bar, and 204-bay onsite car park
* Triple net lease with current annual net income of $1,338,541
* Fixed 3% annual increases with ratchet provision at market review
* Securely leased to high profile tenant experienced in hospitality, Melbourne Racing Club
* Long term lease to 2029 with 3 x 10-year options
* 10,785sqm* corner site in growth corridor, 22 km from the Melbourne CBD

*Approx.

For sale by Expressions of Interest closing Wednesday 13 October at 5:00pm AEDT.

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

Property Highlights

Property ID2017252860
Floor Area10,785 m²
Land Area1.08 ha
Parking204 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Virtual TourView Tour
Category
Last updated  14 Sep 2021
Map for 215 - 221 Sneydes Road Point Cook VIC 3030
Map for 215 - 221 Sneydes Road Point Cook VIC 3030215 - 221 Sneydes Road Point Cook VIC 3030
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

Property Highlights

Property ID2017252860
Floor Area10,785 m²
Land Area1.08 ha
Parking204 x Onsite parkings
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Virtual TourView Tour
Category
Last updated  14 Sep 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
Will Connolly

Will Connolly

JLL - Hotels & Hospitality Group

Stuart Taylor

Stuart Taylor

JLL - Melbourne

Tom Noonan

Tom Noonan

JLL - Melbourne

0432 *** ***
0432 116 287

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