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Cushman & Wakefield - Melbourne

261 Keilor Road Essendon, VIC 3040

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261 Keilor Road,
Essendon, VIC 3040

Hotel, Motel & Leisure

Price information

Sale - Expression of Interest

Contact Agent

Key property information

Land area

Floor area

Tenure type

Tenanted Investment Details

Occupancy
Fully Leased
Est. Incomep.a.
$758,543

Private inspections

to arrange a private inspection.
Cushman & Wakefield - Melbourne
Daniel Wolman
George Davies
Oliver Hay

Cushman & Wakefield - Melbourne

Level 9, 385 Bourke Street
MELBOURNE, VIC 3000
Cushman & Wakefield - Melbourne
261 Keilor Road
Essendon, VIC 3040

Map of 261 Keilor Road

Directions
  • Train stations within 5 km of 261 Keilor Road, Essendon, VIC 3040Distance
    Glenbervie Station2.3 km
    Essendon Station2.6 km
    Strathmore Station2.8 km
    Pascoe Vale Station3 km
    Oak Park Station3.2 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 261 Keilor Road, Essendon, VIC 3040Distance
    51-Bradshaw St/Keilor Rd (Essendon)86 m
    52-Treadwell Rd/Keilor Rd (Niddrie)419 m
    53a-Matthews Ave/Keilor Rd (Essendon)613 m
    Essendon North Primary SchoolKeilor Rd653 m
    48-Service St/Keilor Rd (Essendon North)920 m
    POWERED BY HERE ©
  • Bus stops within 5 km of 261 Keilor Road, Essendon, VIC 3040Distance
    Ogilvie St/Keilor Rd (Essendon)160 m
    50-Cooper St/Keilor Rd (Essendon North)274 m
    Carrington Rd/Hoffmans Rd (Niddrie)368 m
    Niddrie Central Shopping Centre/Keilor Rd (Essendon)369 m
    52-Hoffmans Rd/Keilor Rd (Essendon)381 m
    POWERED BY HERE ©
POWERED BY HERE ©

STRONG ACCOMODATION INVESTMENT WITH SECURE 10 YEAR LEASE

  • AAA TENANT
  • 10 YEAR LEASE
  • RECEIVER SALE
- Prime location on bustling Keilor Road in Essendon, the property benefits from excellent visibility and accessibility, just 10 km from Melbourne's CBD and close to both Melbourne and Essendon Airports, making it attractive to both business and leisure travelers.

- Strong underlying tenant profile leased to Punthill Apartment Hotels, a reputable and established national operator in the serviced apartment sector, ensuring stable and long-term rental income with a history of strong performance across multiple locations.

- Secure long lease term for an initial term of 10 years, with options for three additional terms 5 x 10 x 5, providing a total potential lease duration of 30 years, giving investors exceptional income security.

- Attractive rental income with current passing rent of $758,543.50 per annum* (plus GST) as March 2025 with rental increases, ensuring consistent growth in rental returns over the lease term.

- Strategic mixed-use property comprising 40 apartments, 24 brand new studio apartments, 6 one-bedroom apartments, and 10 two-bedroom apartments, this well-balanced mix caters to a broad demographic, enhancing its appeal to various customer segments, from business travelers to families.

- Significant depreciation benefits.

- Robust local economy located in the affluent City of Moonee Valley, a region experiencing ongoing economic growth with a diverse business landscape. This economic stability provides a strong foundation for property investments in the area.

- Modern facilities and amenities offering a range of amenities including high-speed WiFi, a 24-hour fitness center, concierge services, and on-site parking, enhancing its appeal to guests seeking convenience and comfort during their stay.

- Proximity to key infrastructure with property is located near essential services, retail outlets, restaurants, and public transportation, making it a highly convenient destination for travelers while benefiting from nearby commercial developments and urban renewal initiatives.

Cushman & Wakefield Middle Markets & Ray White is excited to present Punthill Apartments 261 Keilor Road, Essendon for sale via International Expressions of Interest closing Thursday 24 October at 12pm (AEDT)

*Approximate

Cushman & Wakefield

Oliver Hay
+61 419 528 5...

Daniel Wolman
+61 412 957 8...

George Davies
+61 421 799 4...

Louise Burke
+61 408 510 161

Ray White

Shaun Marijanovic
+61 418 352 888

Property ID: 504692416Last Updated: 12 Nov 2024

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