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215 - 221 Sneydes Road
Point Cook VIC 3030
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Sold on 14 Oct 2021

215 - 221 Sneydes Road Point Cook VIC 3030

  • Hotel, Motel, Pub & Leisure
  • 10,785 m²
  • Sold

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.

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

Property Highlights

Date Sold14 Oct 2021
Floor Area10,785 m²
Land Area1.08 ha
ParkingOn site parking available
Virtual TourView Tour
Property ID2017252860
Category
Last updated  9 May 2022
Map for 215 - 221 Sneydes Road Point Cook VIC 3030

Nearest transport* to 215 - 221 Sneydes Road Point Cook VIC 3030

Bus
Train
Sneydes Rd/Boardwalk Bvd (Point Cook)148 m
Sneydes Rd/Boardwalk Bvd (Point Cook)204 m
Pangana Dr/The Boardwalk (Point Cook)346 m
Flower Pot Park/Boardwalk Bvd (Point Cook)385 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 Sold14 Oct 2021
Floor Area10,785 m²
Land Area1.08 ha
ParkingOn site parking available
Virtual TourView Tour
Property ID2017252860
Category
Last updated  9 May 2022

Listed by

Will Connolly
Will Connolly
JLL - Hotels & Hospitality Group
Call
0432 116 287

More about 215 - 221 Sneydes Road Point Cook VIC 3030

215 - 221 Sneydes Road Point Cook VIC 3030 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 10,785 m² and a land area of 1.08 ha. The listing ID for this property is 2017252860.

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