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Bendigo, address available on request

Bendigo, address available on request

Hotel/Leisure Retail

  • Sold Contact Agent
  • Fri 09-Jun-17

Premium hotel/retail investment on huge city centre site

  • Strong growth in annuity income
  • Secure long term lease (45 yrs combined)
  • Large landbanking opportunity (3.557ha)

  • Land Area
  • 3.56ha (8.79 acres) (approx)
  • Floor Area
  • 35,572 m²
  • Last Updated
  • Jul 13, 2017

Interested in this property? Contact an Agent today

JLL - Hotels & Hospitality Group

Level 25, 420 George Street

Sydney NSW 2000

Mathew George, JLL - Hotels & Hospitality Group
Mathew George

Premium hotel/retail investment on huge city centre site

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

Bendigo, address available on request

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