285 Springvale Road, GLEN WAVERLEY VIC 3150
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- 19 Sep 2016
Securely Leased Hotel Investment
The Novotel Melbourne Glen Waverley is a 200 room 4 star hotel which is widely regarded as one of Metropolitan Melbourne's strongest performing hotels. Situated within the Glen Waverley Activity Centre and surrounded by the retail precincts of the Glen Shopping Centre, Century City Walk and Kingsway, the hotel benefits from the broad base of accommodation drivers within the City of Monash.
The hotel is currently leased to Accor, one of the world's largest hotel operators, under a triple net lease expiring July 2018 providing certainty of income in the short term with flexibility of operations thereafter. The near term vacant possession allows an incoming purchaser the ability to establish their own brand or enter into a new management agreement with a variety of operators.
Other features of the hotel include the Butchers Bench Restaurant, seven (7) flexible meeting rooms, a heated indoor pool, gymnasium, sauna and underground parking for 100 cars.
For Sale by International Expressions of Interest closing Tuesday 18th October at 4pm (AEST).
1 Bligh street, SydneyGrade A
Building AmenitiesAvg. rent (net):$800 - $1000Avg. outgoings:$162Vacancy rate:13.5%Data from Colliers Edge.For information click hereMajor TenantsNabers energyAdditional information
285 Springvale Road GLEN WAVERLEY