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JLL - Hotels & Hospitality Group
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Mantra MacArthur, 219 Northbourne Avenue Turner, ACT 2612

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For Sale - Expression of Interest closing Thu 7 Mar

Mantra MacArthur, 219 Northbourne Avenue Turner, ACT 2612

Hotel & Leisure
Sale Price

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Land area

964.0m²

Floor area

7297.0m²

Car spaces

62

Parking info

Midtown Parking Station located at 2 David Street comprising 62 secure underground car parking spaces

Property extent

Whole

Tenure type

Tenanted Investment

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$3,020,790
Number of Tenants
1 Tenant
Tenants / Type
Mantra Group - subsidiary of AccorHotels

Expression of Interest

Closing

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Leased Hotel Investment in the Nation's Capital

  • Four star hotel leased to Mantra Group
  • Stable and secure income with upside
  • Prime location on Northbourne Avenue

Savills Hotels and JLL Hotels & Hospitality Group are pleased to offer for sale the Mantra MacArthur Hotel Canberra.

- Four star hotel featuring 136 studio, 40 1 & 2 bedroom apartments (total 176 rooms), restaurant & bar, conferencing, gym, retail tenancies

- Midtown Parking Station located at 2 David Street comprising 62 secure underground car parking spaces

- Leased to Mantra Group, a subsidiary of Accor Hotels, for 15 years (plus two 5 year options)

- Estimated 2019 income of $3 million (approx.)

- Prime location on Northbourne Avenue adjacent to the new MacArthur light rail stop

- Site area of 964sqm with total GFA of 7,297sqm (approx.)

- The Hotel is one of Canberra’s newest hotels benefiting from limited further capex requirements and substantial depreciation benefits

- Canberra has one of the strongest economies in Australia, with residents enjoying the highest average level of disposable income of any Australian capital city, together with strong growth in overnight visitors

- Canberra is one of Australia's best performing hotel markets with RevPAR growth of 4.4% through 2018.

The Hotel is being offered for sale by way of an international Expressions of Interest (“EOI”) campaign closing at 4pm Thursday 7 March 2019.

For further information, please contact the exclusive agents Savills or JLL.

Property ID: 503086482Last Updated: 18 Feb 2019

JLL - Hotels & Hospitality Group
Mantra MacArthur, 219 Northbourne Avenue
Turner, ACT 2612
Andrew Langsford

JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000

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JLL - Hotels & Hospitality Group

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JLL - Hotels & Hospitality Group

Level 25, 420 George Street
SYDNEY, NSW 2000
JLL - Canberra

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JLL - Canberra

Level 7, 121 Marcus Clarke Street
CITY, ACT 2601
Savills - Canberra

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Savills - Canberra

Suite 1, Level 7, 54 Marcus Clarke Street
CITY, ACT 2601
Savills - Sydney CBD

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Savills - Sydney CBD

Level 25, 1 Farrer Place
SYDNEY, NSW 2000
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Andrew Langsford

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Andrew Langsford
JLL - Hotels & Hospitality Group
Mantra MacArthur, 219 Northbourne Avenue Turner, ACT 2612

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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