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Village Belle Hotel, 202 Barkly Street, St Kilda, VIC, 3182

+14 Photos

+16 Photos

SOLD

Village Belle Hotel, 202 Barkly Street, St Kilda, VIC, 3182

Properties / Sold / Victoria / St Kilda

Tenanted Investment

1. Property Summary

Selling Method

SOLD

Selling Details

Contact Agent

Land Area

1,308 m² (*approx)

Property Type

Retail

Show All

2. Property Highlights

Landmark investment in Melbourne's most vibrant suburb

Blue chip covenant
New net lease with c. $1.45m income
Leased to 2031 plus 4x10 year options

JLL is proud to exclusively present for sale one of the most anticipated hotel investment offerings in recent years, the Village Belle Hotel, St Kilda. Offered to the market for the first time in over 20 years, this is a once in a lifetime opportunity to acquire one of Melbourne’s most iconic properties.

This unprecedented offering includes an adjoining apartment complex located at the rear of the hotel, offering 12 near-new, separately leased, residential apartments.

Key Investment Highlights

Trophy hotel asset, extensively renovated throughout offering premium facilities across four distinct trading areas

12 near-new residential apartments, which are separately leased

Prominent corner location in the centre of St Kilda’s retail & dining precinct, 6kms south of the Melbourne CBD

Securely leased to national hospitality operators, Australian Venue Co., who operate over 170 venues across the country

Brand-new, long-term lease with tenant paying all outgoings, including land tax - leased to 2031 with 4 x 10-year options

Strong growth in annuity income with annual increases of 2% or CPI and a 5% ‘cap and collar’ review to market at option period

Estimated net income of $1,458,339 p.a. (inclusive of residential apartments)

Exceptional investment in Melbourne’s highly sought-after gaming hotel market with 31 EGMs tied to the land

1,308sqm* site with Commercial 1 zoning in Metro Melbourne’s top beachside suburb

*Approx.

This is your opportunity to acquire an iconic asset in one of Australia’s best known beachside locations with the security of a blue chip covenant and high underlying land value.

The Freehold Interest in the Village Belle Hotel is offered for sale via international Expressions of Interest closing Thursday 25 November at 5:00pm AEDT.

For further information on this exceptional opportunity, please contact the exclusive selling agents.

Remember to mention you found this property on CommercialReady.com.au

Property Type

Retail

Land Area

1,308 m² (*approx)

Selling Method

SOLD

Selling Details

Contact Agent

2. Property Highlights

Landmark investment in Melbourne's most vibrant suburb

Blue chip covenant
New net lease with c. $1.45m income
Leased to 2031 plus 4x10 year options

This unprecedented offering includes an adjoining apartment complex located at the rear of the hotel, offering 12 near-new, separately leased, residential apartments.

Key Investment Highlights

Trophy hotel asset, extensively renovated throughout offering premium facilities across four distinct trading areas

12 near-new residential apartments, which are separately leased

Prominent corner location in the centre of St Kilda’s retail & dining precinct, 6kms south of the Melbourne CBD

Securely leased to national hospitality operators, Australian Venue Co., who operate over 170 venues across the country

Brand-new, long-term lease with tenant paying all outgoings, including land tax - leased to 2031 with 4 x 10-year options

Strong growth in annuity income with annual increases of 2% or CPI and a 5% ‘cap and collar’ review to market at option period

Estimated net income of $1,458,339 p.a. (inclusive of residential apartments)

Exceptional investment in Melbourne’s highly sought-after gaming hotel market with 31 EGMs tied to the land

1,308sqm* site with Commercial 1 zoning in Metro Melbourne’s top beachside suburb

*Approx.

This is your opportunity to acquire an iconic asset in one of Australia’s best known beachside locations with the security of a blue chip covenant and high underlying land value.

The Freehold Interest in the Village Belle Hotel is offered for sale via international Expressions of Interest closing Thursday 25 November at 5:00pm AEDT.

For further information on this exceptional opportunity, please contact the exclusive selling agents.

Remember to mention you found this property on CommercialReady.com.au

Tenanted Investment