Edwardes Lake Hotel
SOLD!
Edwardes Lake Hotel
Cropley Commercial, together with JLL Hotels and Hospitality, are pleased to present for sale the Freehold Interest in Edwardes Lake Hotel, Reservoir, providing an outstanding opportunity to secure a 'trophy' investment asset in Melbourne's highly competitive gaming hotel market.
Located just 12km from the CBD in Melbourne's northern growth corridor, the property is underpinned by the security of a successful, multi-venue tenant with entitlements for 100 electronic gaming machines and extensive facilities encompassing an enormous land-banking opportunity of 48,900sqm within the rapidly expanding metropolitan suburb of Reservoir.
Highlights:
Triple net lease with 2.5% increases and current net income of $1,400,000
Securely leased to experienced multi-venue hotel operators
Long term lease to March 2041 plus 2 x 20-year options
Huge 4.89ha site in major growth corridor 12km from Melbourne CBD
Approval for tenant to operate 100 highly valuable gaming machines
Long term development potential (STCA)
Virtual Tour:
Take a virtual tour of Edwardes Lake Hotel.
For all enquiries, contact:
George Iliopulos: 0414 374 161
george@cropleycommercial.com.au
Steve Cropley: 0407 886 662
steve@cropleycommercial.com.au
Download the brochure
Property Location
257 Edwardes St
Reservoir VIC 3073
Off Market Listings
Please contact Steve and George for substantial off-market listings.
George Iliopulos: 0414 374 161
george@cropleycommercial.com.au
Steve Cropley: 0407 886 662
steve@cropleycommercial.com.au
Or, complete the webform on the Contact Us page.