Securely Leased Hotel Investment - Moonee Ponds

Part 41 Homer Street, Moonee Ponds, Victoria 3039

Hotels For Sale

Expressions of Interest. EOI Date 23 Aug 2018
Floor Area: 7,497.60 m2.    

Description

Colliers International are pleased to present to market a fully leased state of the art Serviced Apartment development located in the heart of Moonee Ponds.

The property forms part of the Mason Square development and is currently under construction, due for completion in 2019. Providing 97 apartments positioned in the heart of Moonee Ponds, some 6 kilometres from the Melbourne CBD. To be operated under a major franchise brand the hotel is securely leased to an established operator for an initial term of 15 years with 2 further options of 15 years – a truly secure investment.

The serviced apartments are ideally located within the Moonee Ponds retail core, in close proximity to all forms of amenity and transport, with the Puckle Street retail strip, Moonee Ponds train station and Moonee Valley Racing course all within walking distance.

Key Investment Highlights include:
• 97 Serviced Apartments
• Securely leased for 15 years with commencing rental of $2,573,600 (ex GST)
• Completion due mid 2019
• Fixed 3% rental increases with collared market review.
• Experienced Lessee operating under global franchise.
• 39 underground car parks
• Ground floor retail, café and lobby area
• Strong depreciation benefits
• Potential to individually title apartments

The Moonee Ponds Serviced Apartments are offered for sale via Expressions of Interest closing Thursday 23rd August at 4pm.

For more information please contact the Colliers International exclusive selling agents:

Guy Wells:
+61 405 612 416

Gus Moors
+61 404 005 066

Rob Joyes
+61 418 137 277

*Approx

Features

  • Brand new Serviced Apartment development
  • 15yr lease + two further terms of 15yrs
  • Commencing rental of $2,573,600* ex GST
  • Completion due mid 2019

Specifications

Car Parking Details 39

Map

Open in a new window

Contact Us

Share This Property
For further details, contact:
Talk to us Now
Click below to be
instantly connected with
a Colliers International representative Request Call
Close
Talk to us Now
Complete this form to be instantly connected with a Colliers
International representative.

Please note this service is only available during business hours
Monday to Friday 8.00am-6.00pm (AEST)

Calling you now!

 

Close This Window

Close
Saved Properties
Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.