A huge hotel asset on substantial city centre landbank
JLL Hotels & Hospitality Group has the pleasure of offering for sale the freehold interest in the All Seasons Hotel, Bendigo, subject to a long term lease.
The All Seasons property features 77 four star hotel rooms and suites, extensive conference & function facilities, licence to operate 100 valuable gaming machines, large bistro/restaurant, bars, TAB and indoor swimming pool with an enormous offering of quality guest amenities on a significant city centre site.
This landmark asset features:
• Huge underlying tenancy business and future restapling arbitrage
• Property is licensed to operate 100 valuable gaming machines
• Passing net rental of $1,566,914 per annum
• Commanding 35,572sqm* area commercially zoned – future development potential, possible shopping centre site (STCA)
• Fixed rental growth of 3.75% per annum with market review at every option
• True net lease structure, tenant pays 100% of outgoings including Land Tax
• 6 month bank guarantee
• Only 90 minutes* from Melbourne CBD and Tullamarine Airport
*Approx.
The All Seasons Hotel represents an exceptional investment for astute hoteliers to acquire a trophy asset with a substantial underlying business and a large land banking opportunity.
For sale by International Expressions of Interest closing Thursday 25 May 2017 (if not sold prior).
For the Information Memorandum and full details, please contact the exclusive agents.
