The Freehold Interest of the Boronia Hotel for sale presenting yet another AAA investment. Marketed exclusively for sale via JLL’s John Musca, Will Connolly and Stuart Taylor along with Steve Cropley and George Iliopulos of Cropley Commercial, via Expressions of Interest.

Centrally located in Melbourne’s densely populated eastern suburbs, within the heart of Boronia’s retail precinct, the property is being sold with an attractive long term, triple net lease, set on a commanding corner site of 7,053sqm *approx, complemented by both Commercial 1 and Mixed Use zoning.  A net annual income of $1,200,000 provides investors with a strong annuity income with fixed growth and the added security of a 20-year initial term expiring in 2041, followed by two further 20-year options.

JLL Hotels Vice President, Will Connolly, anticipates the asset will command strong national interest, commenting “Over the past ten years, investment hotels have cemented their place as the national retail asset class of choice. This is further evidenced with ASX-listed entities recently securing assets within the sector aggressively, despite varying degrees of COVID-enforced lockdowns. Their unique underlying value of the tenancy business, which attaches to gaming approvals and licences, delivers a huge reversionary uplift that is simply unachievable in any other form of real estate investment”.

Having undergone recent refurbishments and capital improvements, the property provides modern amenity and extensive facilities, including a large family bistro with children’s play area, sports bar with TAB facilities, gaming lounge with 80 electronic gaming machines and extensive on-site parking.

George Iliopulos Director, Cropley Commercial suggested, “The recent acquisition of Edwardes Lake Hotel by a publicly listed vehicle was manifest proof of just how highly rated this identical triple net lease structure is by the institutional investment community and how this particular covenant sits comfortably alongside larger scale operators”.

The Freehold Interest in the Boronia Hotel is available via Expressions of Interest closing Thursday 14 October 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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