The Brook, 215 - 221 Sneydes Road,
Point Cook, VIC 3030
Hotel, Motel & Leisure • Shops & Retail
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JLL - Melbourne
Level 40, 101 Collins StreetMELBOURNE, VIC 3000
The Brook, 215 - 221 Sneydes Road
Point Cook, VIC 3030
Map of The Brook, 215 - 221 Sneydes Road
Exceptional Hospitality & Retail Investment
- Triple net lease with 3% increases
- Leased to 2029 + 3 x 10-year options
- Large 1.079ha site 22km from CBD
JLL is delighted to exclusively present for sale the Freehold Interest in The Brook, located 22 km south-west of the Melbourne CBD in the rapidly developing metropolitan suburb of Point Cook.
The large scale hospitality and retail complex is securely leased to blue chip tenant, Melbourne Racing Club, and is underpinned by a triple net lease structure with long term security, ‘A’ grade facilities and occupying a commanding 10,785sqm corner site.
Investment highlights include:
* The property comprises a bistro & bar, sports bar with TAB facilities, cafe, gaming lounge & bar with 80 EGMs, large indoor/outdoor children’s play area, 200 PAX function room & bar, and 204-bay onsite car park
* Triple net lease with current annual net income of $1,338,541
* Fixed 3% annual increases with ratchet provision at market review
* Securely leased to high profile tenant experienced in hospitality, Melbourne Racing Club
* Long term lease to 2029 with 3 x 10-year options
* 10,785sqm* corner site in growth corridor, 22 km from the Melbourne CBD
*Approx.
For sale by Expressions of Interest closing Wednesday 13 October at 5:00pm AEDT.
The large scale hospitality and retail complex is securely leased to blue chip tenant, Melbourne Racing Club, and is underpinned by a triple net lease structure with long term security, ‘A’ grade facilities and occupying a commanding 10,785sqm corner site.
Investment highlights include:
* The property comprises a bistro & bar, sports bar with TAB facilities, cafe, gaming lounge & bar with 80 EGMs, large indoor/outdoor children’s play area, 200 PAX function room & bar, and 204-bay onsite car park
* Triple net lease with current annual net income of $1,338,541
* Fixed 3% annual increases with ratchet provision at market review
* Securely leased to high profile tenant experienced in hospitality, Melbourne Racing Club
* Long term lease to 2029 with 3 x 10-year options
* 10,785sqm* corner site in growth corridor, 22 km from the Melbourne CBD
*Approx.
For sale by Expressions of Interest closing Wednesday 13 October at 5:00pm AEDT.
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Property ID: 503909658Last Updated: 9 May 2022
JLL - MelbourneLevel 40, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
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