JLL together with Cropley Commercial, are pleased to present the triple net lease freehold Boronia Hotel for sale representing an exceptional opportunity to secure a coveted hospitality & retail investment within metropolitan Melbourne’s eastern suburbs. Marketed exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial. 

Seurely leased to a multi-venue hotel operator, the property is underpinned by a highly valuable triple net lease offering long term security, occupying a high profile 7,053sqm* approx, corner site within the rapidly evolving metropolitan suburb of Boronia.

Investment highlights include:

• Large scale hospitality & retail complex incorporating bistro & bar, sports bar with TAB facilities, gaming lounge with 80 EGMs, large indoor children’s play area and extensive on-site parking
• Recently refurbished with high end facilities
• Triple net lease with 2.5% annual increases and current net income of $1,200,000
• Securely leased to experienced multi-venue hotel operators
• Long term lease to 2041 with 2 x 20-year options
• Large 7,053sqm* approx, high profile site, 29km east of the CBD 
• Located in Major Activity Centre with Commercial 1 and Mixed Use zoning* Approx.

Having undergone recent refurbishments and capital improvements, the property provides modern amenity and extensive facilities, including a large family bistro with children’s play area, sports bar with TAB facilities, gaming lounge with 80 electronic gaming machines and extensive on-site parking.

For sale by Expressions of Interest closing Thursday 14 October 2021 at 5:00pm AEDT.

To request a copy of the Information Memorandum please contact one of the marketing agents JLL’s John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial via the contact details below. 

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