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Boronia Hotel, 112 Boronia Road, Boronia VIC, 3155

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Properties / Buy / Victoria / Boronia

Tenanted Investment

1. Property Summary

Selling Method

EOI

Selling Details

Closing Thursday 14 October 2021 at 5:00pm AEDT.

Land Area

7,053 m² (*approx)

Property Type

Retail, Hotel/Leisure

Sub-type

Hotel

Terms

Long term lease to 2041 with 2 x 20-year options

Est. Income

$1,200,000 p/a

Show All

2. Property Highlights

Brand-new 20-year Triple Net Lease

$1,200,000 p.a. with fixed 2.5% increases
Leased to 2041 + 2 x 20-year options
Strategic 7,053sqm site 29km from CBD

JLL, together with Cropley Commercial, are pleased to present for sale the Boronia Hotel, representing an exceptional opportunity to secure a coveted hospitality & retail investment within metropolitan Melbourne’s eastern suburbs.

Seurely leased to a multi-venue hotel operator, the property is underpinned by a highly valuable triple net lease offering long term security, occupying a high profile 7,053sqm* corner site within the rapidly evolving metropolitan suburb of Boronia.

Investment highlights include:

• Large scale hospitality & retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge with 80 EGMs, large indoor children’s play area and extensive on-site parking

• Recently refurbished with high end facilities

• Triple net lease with 2.5% annual increases and current net income of $1,200,000

• Securely leased to experienced multi-venue hotel operators

• Long term lease to 2041 with 2 x 20-year options

• Large 7,079sqm* high profile site, 29km east of the CBD

• Located in Major Activity Centre with Commercial 1 and Mixed Use zoning

*Approx.

For sale by Expressions of Interest closing Thursday 14 October 2021 at 5:00pm AEDT.

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

Property Type

Retail, Hotel/Leisure

Sub-type

Hotel

Est. Income

$1,200,000 p/a

Terms

Long term lease to 2041 with 2 x 20-year options

Land Area

7,053 m² (*approx)

Selling Method

EOI

Selling Details

Closing Thursday 14 October 2021 at 5:00pm AEDT.

2. Property Highlights

Brand-new 20-year Triple Net Lease

$1,200,000 p.a. with fixed 2.5% increases
Leased to 2041 + 2 x 20-year options
Strategic 7,053sqm site 29km from CBD

Investment highlights include:

• Large scale hospitality & retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge with 80 EGMs, large indoor children’s play area and extensive on-site parking

• Recently refurbished with high end facilities

• Triple net lease with 2.5% annual increases and current net income of $1,200,000

• Securely leased to experienced multi-venue hotel operators

• Long term lease to 2041 with 2 x 20-year options

• Large 7,079sqm* high profile site, 29km east of the CBD

• Located in Major Activity Centre with Commercial 1 and Mixed Use zoning

*Approx.

For sale by Expressions of Interest closing Thursday 14 October 2021 at 5:00pm AEDT.

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

Tenanted Investment