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Retreat and Spa, 125 Big Muster Drive Dinner Plain, VIC 3898

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Retreat and Spa, 125 Big Muster Drive Dinner Plain, VIC 3898

Hotel & Leisure • Shop & Retail
Sold Price

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Land area

2040.0m²

Floor area

1136.0m²

Tenure type

Tenanted Investment

NABERS

0.0

Sold on

28 Nov 2016

High Yielding Net Lease Circa 15% to Subsidiary of Publicly Listed Merlin Entertainment

  • Fixed 4% rent increases + market reviews
  • Tenant pays usual OG, Inc Land Tax
  • Rent: $797,054 pa + GST
Long 15 year lease to 2022 plus options to 2032.
Australia's premier and well established indoor/outdoor alpine retreat and spa.
Popular all year round destination in Australia's leading Alpine region.
Fixed 4% rent increases plus market reviews.
Prominent 2,040 sqm site with 100 metre street frontage.
Only 10 minutes from Mt Hotham Ski Resort and airport.
Tenant pays all usual outgoings including insurance, rates, and land tax.
Substantial income tax saving benefits.
Merlin Entertainment: publicly listed on the London Stock Exchange. Europes largest entertainment company with 115 attractions in 23 countries across 4 continents.
Rent: $828,936 pa (March 2017).

Term: 10% Deposit – Balance 12 Months.

Auction 11am AEDT Wednesday 26 October 2016
River Room, Crown Casino, Melbourne

Property ID: 502070566Last Updated: 15 Nov 2017

Retreat and Spa, 125 Big Muster Drive
Dinner Plain, VIC 3898

Agency contacts

Burgess Rawson - Melbourne

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Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
Castran Real Estate - SOUTH YARRA

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Castran Real Estate - SOUTH YARRA

Level 1, 145 Toorak Road
SOUTH YARRA, VIC 3141
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Graeme Watson
Burgess Rawson - Melbourne
Retreat and Spa, 125 Big Muster Drive Dinner Plain, VIC 3898

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

Kind Regards,

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