Key Highlights: • Secure Lease: Established 25-year lease until 2028, with expansive 4 x 10-year renewal options extending to 2068. • Triple Net Lease: Tenant covers all outgoings and maintenance. • Income Details: Net revenue of $168,261 perannum plus GST plus Outgoings, Operated by ALH, Australia's premier pub operator, 85.4% owned by Endeavour Group. • Prime Location: Situated in Morwell (part of Latrobe City total population 75,000), the administrative heart of the City of Latrobe, only 145km east of Melbourne, on the sought-after Princes Drive (Old Princes Highway). • Extensive Land with Development Potential: Generous 18,290sqm (approx.) site with room for future development (subject to council approval). • Comprehensive Facilities: Includes a public bar for 100 patrons, a bistro for 140 patrons, a children's playzone, a TAB area, and a gaming room. The site also features a 19-bedroom motel and a bustling drive-thru BWS. • Financial Stability: Features annual CPI rent adjustments and market reviews at each option period. • Effortless Management: Simplified with a single, reliable tenant. Public tender closing date: Thursday 24th October at 4pm. Terms: 10% Deposit, Balance 60 Days For tender documents please email [email protected] Contact Our Marketing Agents for More Information: - Jim Demetrios: 0419 335 271 [email protected] - George Demetrios: 0413 776 303 [email protected]
E-Mail-Anfrage an Stockdale & Leggo - Latrobe Valley
Immobilie ID: 504696688