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

Hardimans Hotel, Kensington

Attributes

Land area gross

576 m²

Asset Description

JLL are pleased to present for sale the Freehold Interest in the Hardiman’s Hotel, Kensington.

Extensively refurbished in recent years, this revived local landmark presents as a true ‘trophy investment’, located just minutes from Melbourne’s CBD.

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Investment Highlights

Net annual income of $475,000 / fixed 3% annual increases
Leased until 2035 with additional 4x5 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.

The Freehold Interest in Hardimans Hotel, Kensington is for sale via Private Sale

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