Hotels and Hospitality

106-112A Mountjoy Parade, Lorne

106-112A Mountjoy Parade Lorne, VIC Australia 3232
Asking Price Contact for pricing
Area Size N/A
NOI Net Operating Income N/A
Cap Rate N/A

Key facts

Occupancy 100.0 %
Call for Offers

Property description

JLL has the exclusive privilege of offering for sale a prominent fully leased freehold investment positioned within the Great Ocean Road’s most established retail and tourism precinct.

 

Key details of the opportunity include:

 

- A 100% leased retail and holiday accommodation freehold complex comprising of quality apartments, high exposure retail shops and on-site car parking

- Situated in the heart of the Surf Coast’s most popular and highly trafficked main street with exposure to growing residential population and major tourism flows

- Major landholding with rear and side access as well as substantial street frontage of 26.5 metres* to Mountjoy Parade

- Five secure retail leases to established local and national tenants including Tommy Bahama

- Six large and well-appointed 3 bedroom apartments with protected ocean views leased to renowned local holiday accommodation provider

- Combined rent of $354,678 per annum* plus GST with fixed rental increases in all leases

- Lorne is endorsed by some of Australia’s most renowned hospitality and retail operators, including Justin Hemmes’ Merivale

- The Great Ocean Road has been ranked 4th on Australia’s 20 Best Travel locations 2022 by Lonely Planet

 

PROUDLY SOLD BY JLL

 

To obtain further information or to arrange an inspection, please contact the exclusive selling agent.

 

Nick MacFie | 0415 673 197

Josh Rutman | 0411 27 37 46

Mingxuan Li 李名轩 | 0498 688 998


*Approx

Investment highlights

·        Diverse income from established tenants

·        100% leased retail and holiday apartments with fixed rental increases

·        Exciting future growth potential

Last Updated Date: 27 Jul 2022

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Last Updated Date: 27 Jul 2022

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The value of trust beneficiary rights fluctuates due to fluctuations in the price of real estate, and there is a risk of falling beyond the investment principal. Real estate prices are fluctuated by changes in the population of the area in which they are located and the number of newly supplied properties, fluctuations in interest rates and exchange rates, changes of tax system, loss/damage due to natural disasters such as earthquakes, deterioration over time, and the discovery of hidden defects such as soil pollution.

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