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197-199 Watton Street, Werribee, VIC, 3030

2. Property Highlights

A secured set and forget trophy investment
  • Secured 20 Year Lease with Options until 2060
  • Fixed 4% annual Increases
  • Tenant pays all outgoings inc Land Tax

Colliers is excited to present the Bridge Hotel at 197-199 Watton Street, Werribee for Sale via Expressions of Interest closing Thursday 14 March 2024 at 2pm (AEDT).

A blue-chip investment with a secured 20 year lease and options through to 2060 within one of Victoria’s fastest growing regions the City of Wyndham.

The Bridge Hotel is a strategic secure investment which has recently undergone a significant renovation and refurbishment to restore this art deco hotel. Located in the heart of Werribee’s commercial precinct on Watton Street and walking distance to all major amenities and services.

With highly respected and successful publicans occupying this stunning building and delivering an offering specifically tailored to Werribee.

Key highlights of this trophy investment include:

• Secured Twenty (20) year Lease with options to 2060.

• A true set-and-forget investment with tenant responsible for all applicable outgoings including land tax

• Fixed 4% annual increases ensuring rental growth, with market reviews on the 10th anniversary of the initial term and further term.

• The Bridge Hotel open 7 days a week providing elevated pub classics, tap beers, cocktails and an extensive wine list, private function and event spaces, live music on the weekends, outdoor beer gardens and a restaurant catering to 500 patrons.

• With links to unique experience across well-known venues and locations in inner Melbourne, Werribee, Geelong & The Bellarine Peninsula the group is considered as a successful and established tenant

• Lease includes turnover rental

• Lease includes capital rental

• Modernised 788 square metres* building plus two outdoor beer gardens.

• Prominent 1,575 square metres* freehold site with prime Watton Street frontage and Activity Centre Zoning – located within the ‘West End’ restaurant and entertainment precinct of Watton St, surrounded by other restaurants and the Wyndham Cultural Centre (theatre).

• Liquor licence to serve until 3am on Fridays and Saturdays with a capacity of up to 500 patrons

• The City of Wyndham set to increase by 205,411 persons (69.36% growth) to a total of 501,634 persons by 2041

• The number of dwellings is forecast to grow from 100,339 in 2021 to 177,120 in 2041.

• Median house prices in Wyndham are $654,900

• Superb central location in the heart of the Werribee commercial precinct and surrounded by leading national businesses including Coles, ALDI, Officeworks, McDonalds, Hungry jacks, Nandos and Chemist Direct.

• Position perfect walking distance from Werribee Train Station, Quest, Holiday Inn, and moments away from key social interest locations including the Werribee Football Club , Tennis Club, Werribee outdoor pools and the Werribee Bowls Club.

• Wyndham City: Positioned between Melbourne CBD and Geelong offering a unique balance of city, coast and country, Wyndham City is on a major transformation journey seeing a decade long of local economic growth and continued forecasted upward trajectory and the fastest growing region in Metropolitan Melbourne.

Don’t miss your chance to secure this perfect investment opportunity with outstanding financial upside capitalising on the growth of the City of Wyndham.

For sale via Expression of Interest closing Thursday March 14 2024 at 2pm (AEDT).

For more information, please contact the exclusive selling agents below.

Chris Nanni 0438 306 361

Ben Young 0407 296 679

Ben Baines 0438 328 407

*Approx

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4. Property Location

197-199 Watton Street, Werribee, VIC, 3030

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197-199 Watton Street, Werribee, VIC, 3030 Werribee
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