A fully tenanted investment in the heart of one of Victoria’s most popular holiday destinations has come to market. Positioned in the heart of the Murray riverside town of Yarrawonga, Burkes Hotel Motel is being offered exclusively for sale by JLL Hotels’ Will Connolly and Lachlan Persley, in conjunction with Doug May of e-Hotel Broker.

Positioned in the heart of town, within walking distance to the pristine Lake Mulwala, the property generates a net rental income of $208,000 p.a. with the security of a 25-year lease (including 4 x 5-year options), attractive annual rental increases via CPI and an expansive 2,459sqm landholding with Commercial 1 zoning with front and rear public access to the property via Belmore and Hume Streets.

Will Connolly, Senior Vice President of JLL Hotels, expects a healthy balance of interest from both local and metropolitan-based investors, commenting “Many a Melburnian certainly has an affinity with the town of Yarrawonga, with it being an extremely popular year-round weekend destination and summer holiday hot spot.

“Our team have identified that investors are now looking to the regions for opportunities and are focused on securing passive assets on a higher rate of return. Assets like Burkes Hotel Motel will provide investors with an attractive capitalisation rate, and the ability to own a much-loved local landmark in one of the state’s most popular destinations,” he concluded.

With a loyal local following, the property provides a striking ‘art deco’ facade with internal features such as a public bar with TAB, family-friendly bistro, function zones and courtyard along with 20 motel style accommodation rooms.

Lachlan Persley, Executive, JLL Hotels comments, “With the JLL Victorian Hotels team set to announce four significant regional sales in the coming weeks, Burkes Hotel Motel comes to market at an opportune time with investor appetite for regional areas clearly at an upward trajectory.

“We look forward to marketing an asset in such a fabulous location and navigating yet another result for our long-term vendors”, he concluded.

The Freehold Interest in Burkes Hotel Motel, Yarrawonga is being offered for sale via a national Expressions of Interest process.

Click here to view more articles of Australian Pubs and Taverns recently listed for sale and sold

Click here to view more articles of Australian Motels recently listed for sale and sold