Burgess Rawson, in conjunction with Stockdale & Leggo, has listed the Morwell Hotel (‘Top Pub’) at  311-327 Princes Drive, Morwell VIC for sale via Investment Portfolio Auction 175 on Wednesday, 26  March 2025. The quoted price for this investment is $3 million plus.

Top Pub for sale by Burgess Rawson agents, Romanor Falconer and Raoul Holderhead together with Stockdale & Leggo agent Jim Demetrios.

Mr Falconer said this asset offers a rare triple net lease to Australia's largest hotelier, ALH Group, and  benefits from its high-exposed Princes Drive position combined with a low 15% site coverage, suiting  land banking and future development opportunities (STCA). 

The property is under a 25-year lease to AHL which is owned by Endeavour Group, Australia’s largest  hotel operator. Endeavour Group boasts a market capitalisation of $7.97 billion and operates a network  of over 1,675 retail drink stores and 344 licensed hotels. 

The lease runs until November 2028, with four options for a further 10 years, extending the term to  2068. The lease structure is triple net, meaning the tenant is responsible for all outgoings, including  land tax and structural maintenance. The property generates a net income of $173,235 per annum,  plus GST.

The property spans 1.82ha with 280 metres of frontage to both Princes Drive and Vincent Road. It is  zoned Commercial 1 with the hotel itself offering a full-line operation, including a public bar,bistro, TAB, gaming area, BWS drive-thru, and a 17-room, 3-star motel.

Located in a high-traffic area, the hotel benefits from 12,800 vehicles passing daily on Princes Drive  and is just 1.5 kilometres from the Mid Valley Shopping Centre, which includes major retailers such as  Big W, Woolworths, ALDI, and Bunnings. The Greater Latrobe Valley is a key commercial hub, with a  trade catchment of over 75,000 people, and the site is only 145km from Melbourne CBD.

This opportunity will be sold at Investment Portfolio Auction 175, commencing at 10:30am (AEDT) on Wednesday, 26 March 2025, at Crown Casino, River Room, Melbourne VIC.

Click here to view more pubs for sale or sold: