A Trophy Hotel Asset: ‘The Sarah Sands Hotel’ Leased to Australia’s Fastest Growing ‘Pub Operator’
29 Sydney Road , Brunswick VIC
Property Highlights
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
Property Details