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740-744 Mt Alexander Road Moonee Ponds VIC 3039

  • Hotel, Motel, Pub & Leisure
  • 2,590 m²
  • For Sale, Contact the selling agents

Moonee Pond's Most Prominent Corner

  • Brand new 6 year lease to MVRC
  • Significant 1,942sqm corner site
  • Enormous development potential (STCA)

JLL is pleased to present the opportunity to acquire the freehold interest in the Junction Club, with Expressions of Interest sought by 4.00pm (AEST) Wednesday 23rd June 2021.

This hospitality institution occupies one of the most high profile sites in Moonee Ponds. Recently renovated, the hotel is primarily leased to Moonee Valley Racing Club (MVRC), and features a large gaming room (with 80 gaming machines), segregated sports bar/TAB facility and spacious bistro dining room over the basement and ground levels.

Accessible via a separate entrance from Mt Alexander Road, the first floor consists of approximately 777sqm of well-appointed office space and is currently presented as two office suites.

Just 6km north-west of the Melbourne CBD, this strategic landholding occupies a prime 1,942sqm* site on the corner of Mt Alexander Road and Dean Street, with close to 21,000 vehicles passing daily.

Underpinned by a brand new 6-year lease to a blue chip tenant, of which over 85% of income is derived, the freehold investment offers genuine security as well as repositioning potential with its favourable Activity Centre zoning.

Investment highlights include:

- Established hospitality venue, licensed for 80 electronic gaming machines

- High profile corner location with exposure to nearly 21,000 passing vehicles per day

- Located 6km from the Melbourne CBD within the Moonee Ponds Activity Centre

- Moonee Ponds has grown exponentially in the past decade with its resident population expected to nearly double to around 30,000 by 2041

- Significant 1,942sqm* site with enormous development potential (STCA)

- Unrivalled connectivity to wider Melbourne area with two major arterials and is well serviced by all modes of public transport

- Underlying zoning of Activity Centre under the Moonee Valley Planning Scheme

- Brand new 6-year lease to Moonee Valley Racing Club

- Over 85% of income derived from Moonee Valley Racing Club

- High exposure (100m frontage) to Mt Alexander Road and Dean Street

- Secured income growth with fixed annual rental increases

- Current Net Income of $845,404 p.a. + GST

- Invest for the long term or re-develop for the future

Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group

Property Highlights

Property ID2017015668
Floor Area2,590 m²
Land Area1,942 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Jun 2021
Map for 740-744 Mt Alexander Road Moonee Ponds VIC 3039
Map for 740-744 Mt Alexander Road Moonee Ponds VIC 3039740-744 Mt Alexander Road Moonee Ponds VIC 3039
Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group

Property Highlights

Property ID2017015668
Floor Area2,590 m²
Land Area1,942 m²
ParkingOn site parking available
Building TypeWhole building
Annual ReturnAsk Agent
AvailabilityTenanted
Category
Last updated  11 Jun 2021
JLL - Melbourne
Level 40 101 Collins Street Melbourne VIC 3000
Stuart Taylor
JLL - Melbourne
Stuart Taylor
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Tom Noonan
JLL - Melbourne
Will Connolly
JLL - Hotels & Hospitality Group
Will Connolly
JLL - Hotels & Hospitality Group
Stuart Taylor

Stuart Taylor

JLL - Melbourne

Tom Noonan

Tom Noonan

JLL - Melbourne

Will Connolly

Will Connolly

JLL - Hotels & Hospitality Group

+614 *** ***
+61428000000

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