The Freehold Interest of Edwardes Lake Hotel Reservoir for sale. The property is being offered exclusively for sale via JLL John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial.

The property is being sold with a long term, triple net lease encompassing an enormous 48,900sqm site in Melbourne’s rapidly expanding northern growth corridor.  A net annual income of $1,400,000 provides investors with a strong platform of return with the added security of a 20-year initial term expiring in 2041, followed by two further 20-year options.

JLL Hotels Managing Director, John Musca, anticipates the asset to command strong national interest, commenting “Over the past 10 years, investment hotels have become the national retail asset class of choice with the unique underlying value of the tenancy business, which attaches to gaming approvals and licences, delivering a huge reversionary uplift that is simply unachievable in any other form of real estate investment”. “This has caused an avalanche of REIT, fund and private sector engagement on a national basis in recent years”, he added.

Showcasing a multi-faceted hospitality and gaming venue, the offering provides modern amenity and extensive facilities which include a large family bistro with children’s play area, sports bar with TAB facilities, gaming lounge with 100 electronic gaming machines, separate drive-through bottle shop and extensive on-site parking.

Providing significant security to the investment is the successful tenants in operation, with Steve Cropley, Director of Cropley Commercial stating “An important attribute to the properly not to be underestimated is the strength of covenant to be inherited by an investor. The hotel thrives under the current business operators, a family-owned hotel group with multiple venues across Melbourne”.

Representing unparalleled value in an industry witnessing one of the largest spikes of transactional activity across the country, Will Connolly, JLL Hotels Vice President concluded “Edwardes Lake Hotel is in every sense of the word a ‘trophy’ asset. We’re certain to expect a hotly contested sale campaign, deriving interest from a range of investor profile to stamp the asset as this year’s premier investment opportunity within Melbourne’s hotel sector”.

The Freehold Interest in Edwardes Lake Hotel is available via Expressions of Interest closing Thursday 2 September at 5pm.

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

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