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JLL Hotels & Hospitality Group are pleased to present for sale the Freehold Interest in the Hardiman’s Hotel, Kensington.
Extensively refurbished in recent years, this revived local landmark presents as a true ‘trophy investment’, located just minutes from Melbourne’s CBD.
Investment highlights include:
• Net annual income of $475,000 / fixed 3% annual increases
• Leased until 2035 with additional 4x5 year options
• 576sqm* of iconic, corner land-holding in the heart of Kensington’s retail precinct
• Favourable Commercial 1 Zoning (CZ1)
• Significant refurbishments completed, minimal future CAPEX requirements foreseeable
• Local area designated as a residential growth zone, with multiple high-density developments either completed or under construction
• High calibre existing tenants, with significant hospitality experience
• Current business enjoying YOY revenue growth, with dedicated patronage in a ‘one-pub’ inner-city suburb
*Approx.
The Freehold Interest in Hardimans Hotel, Kensington is for sale via ‘Expressions of Interest’, closing 5pm Wednesday 26 th March 2024 AEDT.
For further information on this opportunity, please contact the exclusive selling agents.
JLL Hotels & Hospitality Group are pleased to present for sale the Freehold Interest in the Hardiman’s Hotel, Kensington.
Extensively refurbished in recent years, this revived local landmark presents as a true ‘trophy investment’, located just minutes from Melbourne’s CBD.
Investment highlights include:
• Net annual income of $475,000 / fixed 3% annual increases
• Leased until 2035 with additional 4x5 year options
• 576sqm* of iconic, corner land-holding in the heart of Kensington’s retail precinct
• Favourable Commercial 1 Zoning (CZ1)
• Significant refurbishments completed, minimal future CAPEX requirements foreseeable
• Local area designated as a residential growth zone, with multiple high-density developments either completed or under construction
• High calibre existing tenants, with significant hospitality experience
• Current business enjoying YOY revenue growth, with dedicated patronage in a ‘one-pub’ inner-city suburb
*Approx.
The Freehold Interest in Hardimans Hotel, Kensington is for sale via ‘Expressions of Interest’, closing 5pm Wednesday 26 th March 2024 AEDT.
For further information on this opportunity, please contact the exclusive selling agents.
Hardimans Hotel, Kensington, 521-535 Macaulay Road, Kensington, VIC, 3031
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