The freehold interest in the Boundary Hotel for sale exclusively by JLL Retail Investments Stuart Taylor and Tom Noonan.

The asset is situated on the high-profile corner of Centre Road and East Boundary Road in the heart of Bentleigh East, approximately 14km from the Melbourne CBD.

The property is being sold with a long term, triple net lease to Endeavour Group (soon to be demerged from Woolworths Group), with initial expiry in 2028 plus 4 x 10-year options.

The asset occupies a strategic 4,916sqm site with a favourable Commercial 1 zoning over the majority of the property.

Stuart Taylor, Senior Director of Retail Investments at JLL said “An asset of this calibre is rarely offered to the market, with the site representing one of the most significant landholdings in Bentleigh East.”

“We are anticipating a very strong investor response from the market, driven by the strength of the tenant covenant and favourable triple net lease with annual CPI rental increases.”

“The asset offers investors the opportunity to acquire a highly defensive income stream, whilst being underpinned significant underlying land value.”

Mr Noonan added “Investor sentiment for long lease assets has never been stronger, fuelled by a positive interest rate environment and flight to quality.”

Noonan said “Centre Road, Bentleigh East has been undergoing significant change in recent years with multi-level mixed use development rapidly increasing density, driving population growth and residential values”

The Boundary Hotel is being sold by an on-market Expressions of Interest campaign closing Thursday, 27th of May.

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

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