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ALH Trophy Pub Investment – 25 Year Triple Net Lease, Massive Land Area

311-327 Princes Drive , Morwell VIC

Property Highlights

Triple Net Lease to ALH
Major pub + Motel + BWS
Lease to 2028 + options to 2068

Description

Triple Net Lease to ALH
Major pub + Motel + BWS
Lease to 2028 + options to 2068

***50% STAMP DUTY SAVING AVAILABLE***

The Top Pub Hotel

Secure 25 years lease to 2028
Long term 4 x 10 year options to 2068
Triple Net Lease Terms – tenant responsible for all outgoings and repairs
ALH: Australia’s largest pub operator, 85.4% owned by Endeavour Group
Endeavour Group is a 100% owned subsidiary of Woolworths Limited
Morwell – administrative centre of the City of Latrobe, just 145 km east of Melbourne
Strategic Princes Drive location (Old Princes Highway)
Massive 18,290 sqm land area
Public bar for 100 patrons, Bistro for 140 patrons plus children’s play zone
TAB area plus gaming room
Plus a 17 bedroom motel on site
Includes a busy drive thru BWS
160 car parking spaces
Annual CPI rent adjustments with market review at options
Easily managed single tenant investment

Net Income: $145,130 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 31 March at 10.30am AEDT
Crown Casino, Melbourne

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Liquor
Land Size
18,240 SQM
Building Area
3,100 SQM

Price

Contact Agent

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