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Sold on 31 Mar 2021

311-327 Princes Drive Morwell VIC 3840

  • Hotel, Motel, Pub & Leisure
  • 3,100 m²
  • Sold

ALH Trophy Pub Investment - 25 Year Triple Net Lease, Massive Land Area

    Triple Net Lease to ALH
    Major pub + Motel + BWS
    Lease to 2028 + options to 2068

    ***50% STAMP DUTY SAVING AVAILABLE***

    The Top Pub Hotel

    Secure 25 years lease to 2028
    Long term 4 x 10 year options to 2068
    Triple Net Lease Terms tenant responsible for all outgoings and repairs
    ALH: Australias largest pub operator, 85.4% owned by Endeavour Group
    Endeavour Group is a 100% owned subsidiary of Woolworths Limited
    Morwell administrative centre of the City of Latrobe, just 145 km east of Melbourne
    Strategic Princes Drive location (Old Princes Highway)
    Massive 18,290 sqm land area
    Public bar for 100 patrons, Bistro for 140 patrons plus childrens play zone
    TAB area plus gaming room
    Plus a 17 bedroom motel on site
    Includes a busy drive thru BWS
    160 car parking spaces
    Annual CPI rent adjustments with market review at options
    Easily managed single tenant investment

    Net Income: $145,130 pa + GST

    For Sale by Investment Portfolio Auction
    Wednesday 31 March at 10.30am AEDT
    Crown Casino, Melbourne

    AUCTION

    Auction date and time31/03/2021 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Michael Gilbert
    Burgess Rawson Sydney
    Michael Gilbert
    Burgess Rawson Sydney
    Glenn Conridge
    Kelly & Co Property Pty Ltd
    Glenn Conridge
    Kelly & Co Property Pty Ltd

    Property Highlights

    Property ID2016829253
    Date Sold31 Mar 2021
    Floor Area3,100 m²
    Land Area1.82 ha
    ParkingAsk Agent
    Category
    Last updated  6 Apr 2021
    Map for 311-327 Princes Drive Morwell VIC 3840
    Map for 311-327 Princes Drive Morwell VIC 3840311-327 Princes Drive Morwell VIC 3840
    Michael Gilbert
    Burgess Rawson Sydney
    Michael Gilbert
    Burgess Rawson Sydney
    Glenn Conridge
    Kelly & Co Property Pty Ltd
    Glenn Conridge
    Kelly & Co Property Pty Ltd

    Property Highlights

    Property ID2016829253
    Date Sold31 Mar 2021
    Floor Area3,100 m²
    Land Area1.82 ha
    ParkingAsk Agent
    Category
    Last updated  6 Apr 2021
    Burgess Rawson Sydney
    Level 18, 15 Castlereagh Street Sydney NSW 2000
    Michael Gilbert
    Burgess Rawson Sydney
    Michael Gilbert
    Burgess Rawson Sydney
    Glenn Conridge
    Kelly & Co Property Pty Ltd
    Glenn Conridge
    Kelly & Co Property Pty Ltd
    Michael Gilbert

    Michael Gilbert

    Burgess Rawson Sydney

    Glenn Conridge

    Glenn Conridge

    Kelly & Co Property Pty Ltd

    0430 *** ***
    0430 024 790

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