CBRE is pleased to offer to the market the Comfort Hotel conference and office facility at 1/43-51 Lonsdale Street, Melbourne VIC for sale via Investment Portfolio Auction 160

The property has the following investment highlights:

+10 year lease to June 2028 plus two long 10 year options to 2048
+ Strategic leaseholding as conference/business hub for Comfort Hotels (Choice Hotels Group), 7,100 hotels in more than 40 countries)**
+ Investor preferred net lease terms with tenant paying all usual outgoings including single holding land tax and agents management fees
+ Versatile 160sqm* ground floor title with direct access from Lonsdale Street and rear access from Punch Lane
+ Potential future opportunity to convert to a standalone tenancy
+ Capital City Zone (CCZ) under the Melbourne Planning Scheme
+ Valuable Lonsdale Street frontage within Melbourne’s iconic theatre precinct with 20,300 cars passing daily***
+ Only 400m* from Melbourne’s historic China Town, ranked amongst the world’s top 10 tourist destinations with millions of people visiting each year****
+ Within close proximity to Parliament House, Parliament Station, St Vincents Hospital, The Princess Theatre and supported by hotels such as Oaks, Mariott, Rydges and more
+ The City of Melbourne: by 2041, the number of people living in the city is expected to double and reach 308,000
+ Net Income: $56,980 pa* (as at June 2023)

To be sold via Investment Portfolio Auction:
10:30am (AEST) Wednesday 10 May 2023
Crown Casino – River Room

*Approx
** Choice hotels
***GapMaps
****Melbourne News
*****Urban Property Australia