A Trophy Hotel Asset: ‘The Sarah Sands Hotel’ Leased to Australia’s Fastest Growing 'Pub Operator'

Description

+Long 10 + 10 + 10 year net lease to 2051 to Australian Venue Co.
+Australian Venue Co: One of the largest pub operators in Australia and New Zealand with over 190 locations.
+The Sarah Sands Hotel, a Brunswick institution since 1854, extensively renovated throughout to a premium standard.
+Investor friendly net lease with tenant paying all outgoings as per the Lease (excludes land tax).
+Prime corner site at the gateway to Melbourne’s vibrant and popular inner north.
+State-of-the-art hotel venue with 3am late night Liquor Licence maximum capacity catering to 500 patrons.
+High exposure corner site with 42.5m dual street frontage to busy Brunswick Road and Sydney Road.
+Strategically located in the heart of the city fringe northern retail precinct and within close proximity to Barkly Square, Sydney Road strip shops and fashionable Lygon Street.
+An abundance of surrounding proposed and commenced residential/ mixed use developments providing additional future population to the immediate vicinity.
+Substantial tax depreciation benefits.
+Easy access to the CBD with 5 trams routes within 1.5km plus Jewell train station (250m).
+Brunswick population is estimated to grow by 19.6% to 36,794 residents by 2031*.
+Brunswick: An in demand, high density city fringe ‘capital growth’ suburb only 3.5km to the Melbourne CBD.
+Net Income: $366,918 pa + outgoings + GST.

For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 30 March 2022
Crown Casino – River Room

*Gapmaps

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Contact agents
Shaun Venables Partner
0411 860 865
Zomart He Partner
0488 220 830
Billy Holderhead Partner
0422 817 696
Matthew Wright Partner
0458 290 588
Enquiry Form

Brunswick, VIC

29 Sydney Road

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 151

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