Edwardes Lake Hotel, 257 Edwardes Street,
Reservoir, VIC 3073
Hotel, Motel & Leisure • Shops & Retail
Price information
Sold
Contact Agent
Key property information
Land area
Floor area
Tenure type
Sold on
JLL - Hotels & Hospitality Group
Level 27, 180 George StreetSYDNEY, NSW 2000
Edwardes Lake Hotel, 257 Edwardes Street
Reservoir, VIC 3073
Map of Edwardes Lake Hotel, 257 Edwardes Street
A highly coveted AAA investment
- Triple net lease with 2.5% increases
- Leased to 2041 + 2 x 20-year options
- Huge 2.89ha site 12km from CBD
JLL Hotels & Hospitality, together with Cropley Commercial, are pleased to present for sale the Freehold Interest in Edwardes Lake Hotel, Reservoir, providing an outstanding opportunity to secure a ‘trophy’ investment asset in Melbourne’s highly competitive gaming hotel market.
Located just 12km from the CBD in Melbourne’s northern growth corridor, the property is underpinned by the security of a successful, multi-venue tenant with entitlements for 100 electronic gaming machines and extensive facilities encompassing an enormous land-banking opportunity of 48,900sqm within the rapidly expanding metropolitan suburb of Reservoir.
Investment highlights include:
* Large scale hospitality and retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge & bar with 100 EGMs, large indoor children’s play area, attached drive-through, dual-lane bottle shop and 306-bay onsite car park
* Triple net lease with 2.5% annual increases and current net income of $1,400,000
* Securely leased to experienced multi-venue hotel operators
* Long term lease to 2041 with 2 x 20-year options
* Huge 48,900sqm* site in major growth corridor, 12 km from the Melbourne CBD
* Enormous long-term development potential (STCA)
*Approx.
For sale by Expressions of Interest closing Thursday 2 September 2021 at 5:00pm AEST.
Located just 12km from the CBD in Melbourne’s northern growth corridor, the property is underpinned by the security of a successful, multi-venue tenant with entitlements for 100 electronic gaming machines and extensive facilities encompassing an enormous land-banking opportunity of 48,900sqm within the rapidly expanding metropolitan suburb of Reservoir.
Investment highlights include:
* Large scale hospitality and retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge & bar with 100 EGMs, large indoor children’s play area, attached drive-through, dual-lane bottle shop and 306-bay onsite car park
* Triple net lease with 2.5% annual increases and current net income of $1,400,000
* Securely leased to experienced multi-venue hotel operators
* Long term lease to 2041 with 2 x 20-year options
* Huge 48,900sqm* site in major growth corridor, 12 km from the Melbourne CBD
* Enormous long-term development potential (STCA)
*Approx.
For sale by Expressions of Interest closing Thursday 2 September 2021 at 5:00pm AEST.
Property ID: 503887394Last Updated: 9 May 2022
JLL - Hotels & Hospitality GroupLevel 27, 180 George Street
SYDNEY, NSW 2000
SYDNEY, NSW 2000
Sending email...
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.