Hardimans Hotel, Kensington | FH

521-535 Macaulay Road, Kensington, VIC, 3031, AU

Description

JLL in conjunction with Cropley Commercial are pleased to present for sale the Freehold Interest in Hardimans Hotel, Kensington.

Extensively refurbished in recent years, this revived local landmark presents as a sound investment opportunity, underpinned by long term tenure, transparent income growth and high caliber tenants.

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Caractéristiques de l'actif

Taille du terrain Brut

576 m²

Média

Points clés d'investissement

Investment highlights include:

Net annual income of $383,650 / fixed 3% annual increases
Leased until 2036 with additional 4 x 5 year options
576sqm* of iconic, corner land-holding in the heart of Kensington’s retail precinct
Favourable Commercial 1 Zoning (CZ1)
Significant refurbishments completed, minimal future CAPEX requirements foreseeable
Local area designated as a residential growth zone, with multiple high-density developments either completed or under construction
High calibre existing tenants, with significant hospitality experience
Current business enjoying YOY revenue growth, with dedicated patronage in a ‘one-pub’ inner-city suburb

^*Approx.

For further information on this opportunity, please contact the exclusive selling agents.