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.
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:
+61 405 612 416
+61 404 005 066
+61 418 137 277
- Brand new Serviced Apartment development
- 15yr lease + two further terms of 15yrs
- Commencing rental of $2,573,600* ex GST
- Completion due mid 2019
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