23 Mason Street Warragul VIC 3820
- Hotel / Leisure
- 1 m²
Securely Leased Hotel Investment
Colliers International in conjunction with Wilson Property Residential Commercial Industrial have been exclusively retained to offer for sale the award winning Mercure Hotel Warragul located at 23 Mason Street, Warragul, Victoria
The Hotel has been developed in 2015 within a mixed use development, with the hotel providing 47 4 star rated accommodation suites along with meeting rooms, ground floor reception, two bedroom managers residence and various shared amenities. The wider development includes a gymnasium, restaurant, medical suites and extensive car parking.
Located within the main commercial precinct of Warragul, the hotel in close proximity to the train station, sports grounds, and Princes Highway (M1. Warragul is the main service centre of the West Gippsland region and is experiencing rapid growth in population in recent years. The location provides convenient access to all surrounding regions and destinations including the nearby Baw Baw National Park, Western Port Bay and Lardner Park.
Securely leased on a 20 year lease term, the hotel is currently returning $570,028 per annum (approx.) with annual CPI increases and further terms beyond the initial lease term. With no direct competition for modern accommodation in the town, Mercure Warragul continues to perform strongly, and will be a secure investment for many years to come.
For Sale via Expression of Interest closing Thursday 12th October at 4pm unless sold prior.
EXPRESSION OF INTEREST
|Closing date and time||12/10/2017 00:00|
|Recipient name||Guy Wells|
|Delivery address||Melbourne CBD|
|Date Sold||18 Oct 2017|
|Floor Area||1 m²|
|Land Area||Ask Agent|
|Parking||On site parking available|
|Last updated||6 Sep 2017|