Share this property

Directions

259 Brighton Road (cnr Nepean Hwy & Glen Huntly Rd) Elsternwick, VIC 3185

Directions

Sold

259 Brighton Road (cnr Nepean Hwy & Glen Huntly Rd)Elsternwick, VIC 3185

Hotel & Leisure
Sold Price

Contact Agent

Floor area

4388.0m²

Parking info

Tenure type

Tenanted Investment

Sold on

21 May 2009

Freehold Investment Hotel - Elsternwick Hotel, Elsternwick (Leased to ALH Group)

ALH is 75% owned by Woolworths Limited.
25 year lease to November 2028 plus four 10 year options.
Annual (Nov) CPI increases + market rent review in 2018.
Triple net lease (also net of land tax).
Substantial income tax saving depreciation.
Total net income $314,321 p.a.
Finance available to approved purchasers.

Portfolio Auction 45
Crown Casino Melbourne

Raoul Holderhead 0413 860 304
Billy Holderhead 0422 817 696

Property ID: 5541371Last Updated: 19 May 2016

03 9 *** ***
259 Brighton Road (cnr Nepean Hwy & Glen Huntly Rd)
Elsternwick, VIC 3185

Agency contacts

Burgess Rawson - Melbourne

View Profile

Burgess Rawson - Melbourne

Level 7,140 Bourke Street
MELBOURNE, VIC 3000
progress tick

Sending email...

Email enquiry

Send to:

Burgess Rawson - Melbourne
259 Brighton Road (cnr Nepean Hwy & Glen Huntly Rd) Elsternwick, VIC 3185

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

Kind Regards,

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Select agent to call