Boronia Hotel, 112 Boronia Road,
Boronia, VIC 3155
Hotel, Motel & Leisure • Shops & Retail
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JLL - Hotels & Hospitality Group
Level 27, 180 George StreetSYDNEY, NSW 2000
Boronia Hotel, 112 Boronia Road
Boronia, VIC 3155
Map of Boronia Hotel, 112 Boronia Road
Exceptional Hospitality & Retail Investment
- Triple net lease with 2.5% increases
- Leased to 2041 + 2 x 20-year options
- Large 7,079sqm site 29km from CBD
JLL Hotels & Hospitality, 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 Melbourne’s extremely competitive gaming sector.
Currently 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 7,053sqm* high profile, 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.
Currently 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 7,053sqm* high profile, 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.
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Property ID: 503911702Last Updated: 9 May 2022
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
CROPLEY COMMERCIAL PTY LTDLevel 8, 468 St Kilda Road
MELBOURNE, VIC 3004
MELBOURNE, VIC 3004
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