Description

JLL Hotels & Hospitality Group are delighted to offer exclusively for sale the Freehold Interest in the Mount Dandenong Hotel, located in the heart of Victoria’s much loved Dandenong Ranges.

Providing an expansive land-banking opportunity of 6.5 acres in the heart of one of Victoria’s most popular tourism destinations, the property is provided with near term lease expiry, allowing imminent control of the asset and realisation of future upside.

...

Attributes

Land area gross

6.5 acres

Media

Investment Highlights

Highlights include:

Offered with near term lease expiry, offering flexibility for investors to negotiate favourable lease terms, or operators / developers to secure in the short term
Compelling value-add potential via introduction of accommodation, taking advantage of high-volume tourism trade
Expansive land-holding of approx. 25,930sqm / 6.5 acres fronting major tourist throughfare
Benefit of short term, annual net income of circa $215k (lease expiring Nov 2029)
Located in the heart of Victoria’s Dandenong ranges, a popular tourism destination, within an hour’s drive of Melbourne’s CBD

*Approx

Perched atop of a mountain of possibility, opportunity abounds for investors or operators to acquire a local landmark to revive and thrive!

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