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Stockdale & Leggo - Latrobe Valley
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311 - 327 Princes Drive & 13 Wicks Crescent Morwell, VIC 3840

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311 - 327 Princes Drive & 13 Wicks Crescent,
Morwell, VIC 3840

Hotel, Motel & Leisure

Price information

Sale

PUBLIC TENDER CLOSING 4PM 24TH OCTOBER 2024

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Stockdale & Leggo - Latrobe Valley
Jim Demetrios

Stockdale & Leggo - Latrobe Valley

214 Commercial Road
MORWELL, VIC 3840
04193352...
Stockdale & Leggo - Latrobe Valley
311 - 327 Princes Drive & 13 Wicks Crescent
Morwell, VIC 3840

Map of 311 - 327 Princes Drive & 13 Wicks Crescent

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  • Train stations within 5 km of 311 - 327 Princes Drive & 13 Wicks Crescent, Morwell, VIC 3840Distance
    Morwell Station1.1 km
    Dyers Gippsland Transport3.1 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 311 - 327 Princes Drive & 13 Wicks Crescent, Morwell, VIC 3840Distance
    Vincent Rd/Princes Dr (Morwell)29 m
    McDonald St/Princes Dr (Morwell)251 m
    Doherty Ave/McDonald St (Morwell)413 m
    Vincent Rd/Comans St (Morwell)430 m
    Princes Dr/McDonald St (Morwell)462 m
    POWERED BY HERE ©
POWERED BY HERE ©

Exceptional Commercial Investment Prospect - Featuring a 1.7ha (approx.) Site

Key Highlights:

• Secure Lease: Established 25-year lease until 2028, with expansive 4 x 10-year renewal options extending to 2068.
• Triple Net Lease: Tenant covers all outgoings and maintenance.
• Income Details: Net revenue of $168,261 perannum plus GST plus Outgoings, Operated by ALH, Australia's premier pub operator, 85.4% owned by Endeavour Group.
• Prime Location: Situated in Morwell (part of Latrobe City total population 75,000), the administrative heart of the City of Latrobe, only 145km east of Melbourne, on the sought-after Princes Drive (Old Princes Highway).
• Extensive Land with Development Potential: Generous 18,290sqm (approx.) site with room for future development (subject to council approval).
• Comprehensive Facilities: Includes a public bar for 100 patrons, a bistro for 140 patrons, a children's playzone, a TAB area, and a gaming room. The site also features a 19-bedroom motel and a bustling drive-thru BWS.
• Financial Stability: Features annual CPI rent adjustments and market reviews at each option period.
• Effortless Management: Simplified with a single, reliable tenant.

Public tender closing date: Thursday 24th October at 4pm.

Terms: 10% Deposit, Balance 60 Days

For tender documents please email jim.demetrios@stockdaleleggo.com.au

Contact Our Marketing Agents for More Information:
- Jim Demetrios: 0419 335 2... jim.demetrios@stockdaleleggo.com.au
- George Demetrios: 0413 776 303 george@stockdaleleggo.com.au

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Property ID: 504696688Last Updated: 25 Sep 2024

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