JLL's Hotels & Hospitality Group have been exclusively appointed to offer for sale one of Australia's largest mixed use complex comprising 844 hotel rooms, student accommodation, extended stay residence and large-scale meeting facilities, office building and substantial residential development site with exisiting permit for 377 apartments and 520 car bays.

 

JLL’s Hotels and Hospitality Group Managing Director Mark Durran told SCHWARTZWILLIAMS, “Bell City is a rare opportunity to secure a substantial mixed use asset in Melbourne’s Inner North. This opportunity presents on attractive yield profile with a range of alternate use, value add and development opportunities.”

 

With a total site area of 24,214 sqm, the property features a leased office building, food, beverage and retail outlets, large scale convention and meeting facilities, 646 bay car park, and residential development site.

 

"Hotel components comprise a Mantra Hotel, a BreakFree Hotel, and 'Le Student 8' student accommodation as well as extended stay residence," adds Peter Harper, Executive Vice President of JLL Hotels and Hospitality Group.

 

"There is an existing planning permit for 377 apartments, 520 car parking bays and associated commercial space or the opportunity to develop as vertical retirement/aged care, additional student accommodation or 'build to rent' subject to council approval."

 

The office component consists of a 6-level office building fully leased with net lettable area of 5,140sqm.

 

Give the assets four titles, JLL expects to recive strong interest either in-one-line or separately on the four indivual titles from both domestic and off shore investors.

 

To view the Expressions of Interest close date and additional photography click the below link.

 

To discuss the sale of the Bell City complex phone or email Mark Durran or Peter Harper of JLL via the below contact details.

 

 

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