JLL Hotels & Hospitality has the pleasure of presenting to market the fully leased, freehold investment opportunity of the Ball Court Hotel, Sunbury. With major refurbishments recently undertaken, the asset is subject to a long-term lease to one of Australia’s largest pub operators, Australian Venue Co., providing investors with a genuine “set and forget” acquisition. Key investment highlights include: + Current net annual income of $875,000 with annual 2.5% increases + Long-term security by way of a 10-year initial term plus options + Major refurbishments and upgrades recently completed to the asset, providing significant deprecation benefits + Expansive corner landholding of 3,807sqm* within Commercial 1 Zone + Located in the rapidly growing metropolitan Melbourne suburb of Sunbury, with projected population of around 105,000 by 2046 + Fully leased to Australian Venue Co., currently operating over 200 venues across Australia and New Zealand, with annual turnover in excess of $1 billion *Approximately For sale via national Expressions of Interest closing Thursday 5 December 2024 at 12:00pm AEDT. For further information on this opportunity, please contact the exclusive selling agents.
Email enquiry to JLL - Hotels & Hospitality Group
Property ID: 504738756