• For Sale
  • Hotels
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING
SECURELY LEASED INVESTMENT OFFERING

For Sale

Auction 5th Dec 2019 onsite

Elevation @ Emerald

Conjunctional agents Colliers International and Advanced Hospitality Brokers are delighted to offer 374 Belgrave-Gembrook Road, Emerald For Sale by Public Auction Thursday 5th December 2019 at 11am on-site.

On offer is a freehold titled investment that is the home to Elevation @ Emerald. A modern restaurant and bar that has been refurbished and upgraded over the years to provide a great dining and drink destination for the local residents and visitors.

Key investment highlights are as follows:

• A rare freehold title investment that has future office building that is well positioned to all purchasing profiles;
• Land area 1,956m² (approx.);
• 37 metre frontage to Belgrave-Gembrook Road;
• Mixed Use Zone allowing for multiple future uses;
• Securely leased till January 2024 with three (3) further terms of five (5) years each;
• Annual income $153,830 p.a. (as of January 2020);
• In built rental growth of 3% annually and market review at the option;
• Large venue capacity and a 1am General Liquor Licence;
• Located on within the main retail hub of Emerald which is positioned in the Dandenong Ranges, approximately 44km south-east of the Melbourne CBD;

Conjunctional agents Colliers International and Advanced Hospitality Brokers strongly recommends this rare opportunity for your serious consideration.

Colliers International
Guy Wells 0405 612 416
Andrew Ryan 0408 543 527

Advanced Hospitality Brokers
Mark Durnan 0419 433 190
John Crooks 0418 639 686

*Approx.

Features

12a_TotalArea_M_A
Total Area - M
Land Area: 1,951sqm*
5a_Timeframes
TimeFrames - Lease Term
Long term lease agreement
01_NetIncome
Net Income
Annual Rental: $153,830*
100_FullyLicensedVenue
Fully Licenced Venue
1am General Liquor Licence

Property Details