77 Racecourse Road,
Pakenham
Sold1 of 14Brand New State-Of-The-Art Hotel in Melbourne's Booming South-East
Hotel/Leisure
Sold - $15,800,000
- Rare 20 Year Lease to 2042
- Brand New 64 Room Hotel
- Freehold Interest Only
Wilson Property and Stonebridge Property Group are pleased to offer to the market the freehold interest of the brand new Mercure Hotel Pakenham.
The key highlights of the opportunity include:
- Underpinned by rare 20 year net lease, operating under Accor Hotel's international hotel chain Mercure Hotels
- Architecturally designed 3,506 sqm* building with significant depreciation tax benefits
- Comprised over strategic 4,287 sqm* landholding with 71* car parks on title
- Adjoining popular Cardinia Club & only moments from CBD & train station
- Net annual income of $940,000*^ with favourable CPI annual rental reviews
*Approximate
^ As at 1st Sept 2023
To obtain further information or to arrange an inspection, please contact the exclusive selling agents:
Wilson Property:
Ben Wilson
0412 525 542
Emma Dunne
0407 865 838
Stonebridge Property Group:
Rorey James
0439 400 081
Kevin Tong
0422 848 818
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