Mercure Hotel, 23 Mason Street, Warragul VIC 3820
Sold
Dominant Victorian Hotel Investment Offered with 20 Year Lease
> Further Options to 2060
> Modern 47 Room Hotel
> Business Not For Sale
The key highlights of the opportunity include:
– Rare 20 year lease to 2035 plus 5 further 5 year options to 2060 with inflation hedged annual CPI increases
– Accor – World-leading hospitality group with a network of 45+ hotel brands and 5,600 hotels across 110 countries
– 4 star rated, 47 room hotel constructed in 2015, offering various room types and bedding arrangements for guests
– Premium hotel amenities include a two-bed manager apartment, two conference rooms, theatre and boardroom
– Located at the heart of the Warragul commercial precinct, with proximity to Warragul Station and major retailers
– Highly attractive tourism location with 1.04 million visitors annually, driven by a diverse mix of natural scenery and cultural experiences
– Baw Baw Shire – One of Victoria’s fastest growing municipalities with an annual Gross Domestic Product of $6.284 billion and $332 million of annual visitor tourism spend
– Estimated Net Income $725,122 pa* + GST
To obtain further information or to arrange an inspection, please contact the exclusive selling agents.
Property Features
- Hotel/Leisure
- Floor Area is 2,500 m²
- Satellite