The freehold interest in Sunbury’s longstanding landmark, the Ball Court Hotel, has come to market. Underpinned by a long-term lease to one of Australia’s largest hospitality operators, Australian Venue Co., this outstanding opportunity is exclusively offered for sale by JLL Hotel’s Senior Vice President, Will Connolly and Managing Director and Head of Pub Investment Sales, Ben McDonald, via national Expressions of Interest.

Fully leased to Australian Venue Co, an industry leader operating over 200 venues across Australia and New Zealand, with an annual turnover exceeding $1 billion, the hotel generates a current net annual income of $875,000 with guaranteed 2.5% annual increases. Investors can rely on long-term security via an initial 10-year lease term, with options for extension, ensuring stable returns for years to come.

Having undergone a recent multi-million dollar refurbishment, the Ball Court Hotel now boasts Sunbury’s largest beer garden which features a dedicated outside bar and large screen TVs to capture all the sports and major events. The renovation also included upgrades to the sports bar and bistro.

Situated on an expansive 3,807sqm Commercial 1 Zoned corner landholding, the property is positioned in the heart of a thriving residential growth corridor with projected population of around 60,000 by 2041. The property benefits from its high exposure to a prime arterial and is only a 15-minute drive to Melbourne Airport and 35 minutes to the Melbourne CBD.

Will Connolly, Senior Vice President, anticipates strong market interest "Offering investors a true “set and forget” acquisition, the Ball Court Hotel represents a rare opportunity to acquire a high-quality, fully leased hospitality asset in one of Melbourne's fastest growing areas.”

With its blue chip covenant, guaranteed income growth and recent major refurbishments which offers significant depreciation benefits, this exceptional opportunity is set to attract a wide range of investors, from local and international family offices to institutional funds, seeking stable, long-term returns in the hospitality sector”, Connolly concluded.

The freehold interest in the Ball Court Hotel is offered to market via national Expressions of Interest closing Thursday, 5 December 2024 at 12:00pm.