311 - 327 Princes Drive & 13 Wicks Crescent,
Morwell, VIC 3840
Hotel, Motel & Leisure
Price information
Sale
PUBLIC TENDER CLOSING 4PM 24TH OCTOBER 2024
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Stockdale & Leggo - Latrobe Valley
214 Commercial RoadMORWELL, VIC 3840
04193352...
311 - 327 Princes Drive & 13 Wicks Crescent
Morwell, VIC 3840
Map of 311 - 327 Princes Drive & 13 Wicks Crescent
Train stations within 5 km of 311 - 327 Princes Drive & 13 Wicks Crescent, Morwell, VIC 3840 Distance Morwell Station 1.1 km Dyers Gippsland Transport 3.1 km POWERED BY HERE ©Bus stops within 5 km of 311 - 327 Princes Drive & 13 Wicks Crescent, Morwell, VIC 3840 Distance Vincent Rd/Princes Dr (Morwell) 29 m McDonald St/Princes Dr (Morwell) 251 m Doherty Ave/McDonald St (Morwell) 413 m Vincent Rd/Comans St (Morwell) 430 m Princes Dr/McDonald St (Morwell) 462 m POWERED BY HERE ©
POWERED BY HERE ©
Exceptional Commercial Investment Prospect - Featuring a 1.7ha (approx.) Site
Key Highlights:
• Secure Lease: Established 25-year lease until 2028, with expansive 4 x 10-year renewal options extending to 2068.
• Triple Net Lease: Tenant covers all outgoings and maintenance.
• Income Details: Net revenue of $168,261 perannum plus GST plus Outgoings, Operated by ALH, Australia's premier pub operator, 85.4% owned by Endeavour Group.
• Prime Location: Situated in Morwell (part of Latrobe City total population 75,000), the administrative heart of the City of Latrobe, only 145km east of Melbourne, on the sought-after Princes Drive (Old Princes Highway).
• Extensive Land with Development Potential: Generous 18,290sqm (approx.) site with room for future development (subject to council approval).
• Comprehensive Facilities: Includes a public bar for 100 patrons, a bistro for 140 patrons, a children's playzone, a TAB area, and a gaming room. The site also features a 19-bedroom motel and a bustling drive-thru BWS.
• Financial Stability: Features annual CPI rent adjustments and market reviews at each option period.
• Effortless Management: Simplified with a single, reliable tenant.
Public tender closing date: Thursday 24th October at 4pm.
Terms: 10% Deposit, Balance 60 Days
For tender documents please email jim.demetrios@stockdaleleggo.com.au
Contact Our Marketing Agents for More Information:
- Jim Demetrios: 0419 335 2... jim.demetrios@stockdaleleggo.com.au
- George Demetrios: 0413 776 303 george@stockdaleleggo.com.au
• Secure Lease: Established 25-year lease until 2028, with expansive 4 x 10-year renewal options extending to 2068.
• Triple Net Lease: Tenant covers all outgoings and maintenance.
• Income Details: Net revenue of $168,261 perannum plus GST plus Outgoings, Operated by ALH, Australia's premier pub operator, 85.4% owned by Endeavour Group.
• Prime Location: Situated in Morwell (part of Latrobe City total population 75,000), the administrative heart of the City of Latrobe, only 145km east of Melbourne, on the sought-after Princes Drive (Old Princes Highway).
• Extensive Land with Development Potential: Generous 18,290sqm (approx.) site with room for future development (subject to council approval).
• Comprehensive Facilities: Includes a public bar for 100 patrons, a bistro for 140 patrons, a children's playzone, a TAB area, and a gaming room. The site also features a 19-bedroom motel and a bustling drive-thru BWS.
• Financial Stability: Features annual CPI rent adjustments and market reviews at each option period.
• Effortless Management: Simplified with a single, reliable tenant.
Public tender closing date: Thursday 24th October at 4pm.
Terms: 10% Deposit, Balance 60 Days
For tender documents please email jim.demetrios@stockdaleleggo.com.au
Contact Our Marketing Agents for More Information:
- Jim Demetrios: 0419 335 2... jim.demetrios@stockdaleleggo.com.au
- George Demetrios: 0413 776 303 george@stockdaleleggo.com.au
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Property ID: 504696688Last Updated: 25 Sep 2024
Stockdale & Leggo - Latrobe Valley214 Commercial Road
MORWELL, VIC 3840
MORWELL, VIC 3840