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.
