JLL Hotels & Hospitality together with JLL Retail Investments have been exclusively appointed to sell the Freehold Interest in the Junction Club for sale Moonee Ponds. For sale by Will Connolly, Vice President - Investment Sales, Stuart Taylor, Senior Director - Retail Investments and Tom Noonan, Director - Retail Investments.

The sale campaign will be led by Will Connolly, Vice President - Investment Sales, Stuart Taylor, Senior Director - Retail Investments and Tom Noonan, Director - Retail Investments, and offered to the market via Expressions of Interest closing Thursday 17th June at 4pm (AEST).

Securely leased to the Moonee Valley Racing Club, the property occupies a prominent corner position and features a large gaming room with 80 EGMs, segregated sports bar/TAB and bistro on the basement and ground levels, as well as a 29-bay onsite car park, all complemented by Activity Centre zoning.

Accessible via a separate entrance from Mt Alexander Road, the first floor consists of approximately 777sqm of well-appointed office space and is currently separated into two office suites.

“It certainly is rare for a securely leased, high volume gaming hotel asset to be offered to the open market given properties of this nature are notorious in how tightly held they are. A significant opportunity exists for a varied profile of purchaser to invest in the long term with its 1,942sqm corner landholding and close proximity to the Moonee Valley Racecourse and Puckle Street retail precinct” said Mr Connolly.

Mr Taylor commented “The recently announced $2 billion redevelopment of Moonee Valley Racecourse is expected to drive increased patronage and retail spend from the estimated additional 4,000 new residents once completed”.

“Underpinned by a brand new 6-year lease to a blue chip tenant, investors and developers alike will be attracted to the income security and long term development potential the Junction Club provides”, Mr Noonan concluded.

To request a copy of the Information Memorandum please contact one of the marketing agents via the contact form below.

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