Novotel Melbourne Glen Waverley, 285 Springvale Road,
Glen Waverley, VIC 3150

Hotel, Motel & Leisure

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Map of Novotel Melbourne Glen Waverley, 285 Springvale Road

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Securely Leased Hotel Investment

200 Room upscale hotel
Triple Net Lease to Accor
Near term vacant possession

The Novotel Melbourne Glen Waverley is a 200 room 4 star hotel which is widely regarded as one of Metropolitan Melbourne's strongest performing hotels. Situated within the Glen Waverley Activity Centre and surrounded by the retail precincts of the Glen Shopping Centre, Century City Walk and Kingsway, the hotel benefits from the broad base of accommodation drivers within the City of Monash.

The hotel is currently leased to Accor, one of the world's largest hotel operators, under a triple net lease expiring July 2018 providing certainty of income in the short term with flexibility of operations thereafter. The near term vacant possession allows an incoming purchaser the ability to establish their own brand or enter into a new management agreement with a variety of operators.

Other features of the hotel include the Butchers Bench Restaurant, seven (7) flexible meeting rooms, a heated indoor pool, gymnasium, sauna and underground parking for 100 cars.

For Sale by International Expressions of Interest closing Tuesday 18th October at 4pm (AEST).

Glen Waverley, 3150 demographic data

The median household income for Glen Waverley is $1,918, 1% higher than Greater Melbourne's household income of $1,901. Glen Waverley has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 40% of property owners in Glen Waverley have a mortgage.

42,642

Population

$1,918 per week

Median household income

40 years

Median age

Owners

Most residents

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Most households

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