Global New Developments
Juwai Commercial
Juwai LUXE
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Jones Real Estate is proud to present Punthill Essendon, 261 Keilor Road, Essendon For Sale via International Expressions of Interest closing Wednesday 16th August at 12pm (AEST).
Discover an exceptional investment opportunity in Melbourne’s blue-chip suburb of Essendon This high-quality national investment offers attractive rental income through a long-term lease with a reputable national operator – Punthill Apartment Hotels.
Key highlights of this high-quality national investment opportunity include:
- Leased to renowned Punthill Apartment Hotels who operate 21 venues nationally. Returning $715,000 per annum + GST & Outgoings on an initial term of 10 years, 3% annual increases and three option terms (5 years + 10 years + 5 years).
- Strategically positioned near Melbourne International Airport and Essendon Airport, this hotel attracts local, national, and international travellers, ensuring a steady flow of guests and robust demand for accommodation.
- Comprising 2,064sqm* total building area, offering 40 brand new suites (14 studio, 6 one-bedroom and 10 two-bedroom apartments) over 5 levels and 11 car spaces, this hotel provides ample space for various hospitality operations. Its well-designed layout ensures functionality and productivity, creating a seamless experience for guests.
- The hotel industry continues to experience growth, driven by increasing travel needs. Investing in this hotel allows you to capitalize on this trend and tap into the ongoing demand for accommodation from diverse traveler segments.
- With Commercial 1 Zoning (C1Z) and a hotel tenant, this property offers flexibility for future use^, making it an adaptable asset that can align with changing market demands and opportunities.
*Approx.
^Subject to planning approval.
For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.
Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.
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* The above information is the average for each state in Australia For more details about loans, please send us an enquiry.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.
