Village Belle Hotel, 202 Barkly Street,
St Kilda, VIC 3182
Key property information
Map of Village Belle Hotel, 202 Barkly Street
Landmark investment in Melbourne's most vibrant suburb
- Blue chip covenant
- New net lease with c. $1.45m income
- Leased to 2031 plus 4x10 year options
This unprecedented offering includes an adjoining apartment complex located at the rear of the hotel, offering 12 near-new, separately leased, residential apartments.
Investment highlights include:
* Trophy hotel asset, extensively renovated throughout offering premium facilities across four distinct trading areas
* 12 near-new residential apartments, separately leased with a combined annual rental income of c. $300,000
* Prominent corner location in the centre of St Kilda’s retail & dining precinct, 6kms south of the Melbourne CBD
* Securely leased to national hospitality operators, Australian Venue Co., who operate over 170 venues across the country
* Estimated net income of $1,458,339 p.a. (including residential complex)
* Brand new, long-term lease with tenant paying all outgoings, including land tax - leased to 2031 with 4 x 10-year options
* Strong growth in annuity income with annual increases of 2% or CPI and a 5% ‘cap and collar’ review to market at option period
* Exceptional investment in Melbourne’s highly sought-after gaming hotel market with 31 EGMs tied to the land
* 1,308sqm* site with Commercial 1 zoning in Metro Melbourne’s top beachside suburb
This is your opportunity to acquire an iconic asset in one of Australia’s best known beachside locations with the security of a blue chip covenant and high underlying land value.
The Freehold Interest in the Village Belle Hotel is offered for sale via International Expressions of Interest closing Thursday 25 November at 5:00pm AEDT.
For further information on this exceptional opportunity, please contact the exclusive selling agents.
Property ID: 503940306Last Updated: 20 Jan 2022
More properties from JLL - Hotels & Hospitality Group
Contact AgentSheraton Melbourne, 27 Little Collins Street,Melbourne, VIC 3000
Contact AgentThe Emerald Hotel, 415 Clarendon Street,South Melbourne, VIC 3205