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Trophy Licensed Club and Gaming Complex

215-221 Sneydes Road, POINT COOK VIC, 3030

Sold

Property Sold in 215-221 Sneydes Road, POINT COOK VIC, 3030

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000

Listing ID:
11205262
Status:
Sold
Price:
Price on Request
Last Updated:
15/11/2017
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Property Type

Retail/Hotel/Leisure
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Land Area

10790 SQM
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Floor Area

2000 SQM
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Parking

N/A

Trophy Licensed Club and Gaming Complex

20 year lease to Geelong Football Club Limited to June 2029.
Three generous 10 year options to June 2059.
Fixed 3% annual rent increases with ‘ratchet’ provisions at market review ensuring guaranteed rental growth.
Substantial 1.079ha landholding with 204 at grade car spaces and extensive triple street frontage of over 302 metres.
Unrivalled ‘high-traffic’ community services and commercial ‘destination’
integrated with premium medical complex and metres from the busy Woolworths anchored Shopping Centre.
Modern hotel & gaming complex incorporating restaurant, function rooms, bistro, sports bar and gaming room with 84 EGM’s.
Significant capital upgrade recently undertaken by the Lessee.
Strategically located within Wyndham City LGA: one of Australia’s fastest
growing areas of sustained population growth.
Attractive taxation depreciation benefits.
Net income: $1,200,527 pa.

For Sale by Expressions of Interest
Closing 4pm Thursday 8 December 2016

For more details, please email agent

Burgess Rawson & Associates Pty Ltd

Level 7, 140 Bourke Street, Melbourne, VIC 3000


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