Boundary Hotel, 726-730 Centre Road,
Bentleigh East, VIC 3165
Shops & Retail • Development Sites & Land
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JLL - Melbourne
Level 33, 101 Collins StreetMELBOURNE, VIC 3000
Boundary Hotel, 726-730 Centre Road
Bentleigh East, VIC 3165
Map of Boundary Hotel, 726-730 Centre Road
A Metropolitan Melbourne Trophy Asset
- Securely Leased to Endeavour Group
- Triple Net Lease Structure
- Long Term Lease to 2028
JLL Retail Investments is pleased to offer for sale the freehold interest in The Boundary Hotel an absolute prime landholding of 4,916 sqm, securely leased to ALH Group, a subsidiary of Endeavour Group.
Located approximately 14.6km south east from the Melbourne CBD. The Boundary Hotel is situated on the corner of Centre Road and East Boundary Road at the south end of Centre Road's thriving retail strip.
Comprising of a full-line commercial kitchen The Boundary Hotel provides dining and entertainment for any occasion with multiple seating areas.
The Boundary Hotel is for sale by Public Tender closing 4:00pm (AEST) Thursday 27th May 2021.
Investment Highlights
• Securely leased to ALH Group, a subsidiary of Endeavour Group
• Prime 4,916 sqm corner site landholding
• Unlimited CPI upside on annual rental increases during the term
• Long term lease to 2028 with 4 x 10 year options
• Blue-chip eastern Melbourne location of Bentleigh East
• Enormous long-term development potential (STCA)
• Triple Net Lease structure
• Underlying zoning of Commercial 1 and General Residential Zone
• Over 196m of prime return frontage to Centre Road, East Boundary Road and Caleb Street
• NOI of $1,394,323 p.a.
Located approximately 14.6km south east from the Melbourne CBD. The Boundary Hotel is situated on the corner of Centre Road and East Boundary Road at the south end of Centre Road's thriving retail strip.
Comprising of a full-line commercial kitchen The Boundary Hotel provides dining and entertainment for any occasion with multiple seating areas.
The Boundary Hotel is for sale by Public Tender closing 4:00pm (AEST) Thursday 27th May 2021.
Investment Highlights
• Securely leased to ALH Group, a subsidiary of Endeavour Group
• Prime 4,916 sqm corner site landholding
• Unlimited CPI upside on annual rental increases during the term
• Long term lease to 2028 with 4 x 10 year options
• Blue-chip eastern Melbourne location of Bentleigh East
• Enormous long-term development potential (STCA)
• Triple Net Lease structure
• Underlying zoning of Commercial 1 and General Residential Zone
• Over 196m of prime return frontage to Centre Road, East Boundary Road and Caleb Street
• NOI of $1,394,323 p.a.
Bentleigh East, 3165 demographic data
The median household income for Bentleigh East is $2,215, 17% higher than Greater Melbourne's household income of $1,901. Bentleigh East has an older age profile compared to the rest of Greater Melbourne (median age 40 vs 37). Property ownership data shows 52% of property owners in Bentleigh East have a mortgage.
30,159
Population
$2,215 per week
Median household income
40 years
Median age
Owners
Most residents
Families
Most households
JLL - MelbourneLevel 33, 101 Collins Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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