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Crabtrees Real Estate are proud to present this outstanding hospitality freehold for sale via Expressions of Interest closing Thursday 20th November at 3pm – The Tudor Inn – a prime Nepean Highway corner property fully leased to public company ALH Group Ltd.
1281 Nepean Highway Cheltenham presents a strategically positioned gateway site of 4,789 sqm with an excellent frontage of 56 metres to Nepean Highway. The site benefits from its prime high exposure location with over 77,000 cars passing daily providing exceptional visibility for both retail and hospitality operators.
The property comprises established improvements of 2,152 sqm approximately and includes a large rear carpark and a BWS retail liquor outlet making it a well utilized mixed use hospitality and retail asset.
Key features:
• Securely leased to public company tenant ALH Group 100% owned by ASX Listed Endeavour Group LTD (ASX-EDV)
• Long term lease with further options until 2068
• Triple net lease returning $778,433.04 per annum plus GST & Outgoings
• Annual rent increases
• Brilliant Nepean Highway corner land holding of 4,789 sqm approximately
• Activity Centre Zoning allowing for significant long term development upside
The combination of significant land holding, high traffic exposure and functional onsite improvements, position the site as both a secure income generating asset as well as having huge long term redevelopment potential being in the Cheltenham Activity Centre Zone (ACZ1).
Expressions of Interest closing Thursday 20th November at 3pm
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Remember to mention you found this property on CommercialReady
Crabtrees Real Estate are proud to present this outstanding hospitality freehold for sale via Expressions of Interest closing Thursday 20th November at 3pm – The Tudor Inn – a prime Nepean Highway corner property fully leased to public company ALH Group Ltd.
1281 Nepean Highway Cheltenham presents a strategically positioned gateway site of 4,789 sqm with an excellent frontage of 56 metres to Nepean Highway. The site benefits from its prime high exposure location with over 77,000 cars passing daily providing exceptional visibility for both retail and hospitality operators.
The property comprises established improvements of 2,152 sqm approximately and includes a large rear carpark and a BWS retail liquor outlet making it a well utilized mixed use hospitality and retail asset.
Key features:
• Securely leased to public company tenant ALH Group 100% owned by ASX Listed Endeavour Group LTD (ASX-EDV)
• Long term lease with further options until 2068
• Triple net lease returning $778,433.04 per annum plus GST & Outgoings
• Annual rent increases
• Brilliant Nepean Highway corner land holding of 4,789 sqm approximately
• Activity Centre Zoning allowing for significant long term development upside
The combination of significant land holding, high traffic exposure and functional onsite improvements, position the site as both a secure income generating asset as well as having huge long term redevelopment potential being in the Cheltenham Activity Centre Zone (ACZ1).
Expressions of Interest closing Thursday 20th November at 3pm
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
Remember to mention you found this property on CommercialReady
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