Dominant Melbourne Hotel Investment Nearby Crown Casino

Location: City Edge South Melbourne Serviced Apartments – 51-59 Palmerston Crescent, Melbourne VIC

The key highlights of the opportunity include:

• Newly developed 69 room hotel, on the footsteps of the Melbourne CBD
• Underpinned by a 10 year lease plus options with fixed 4% annual increases
• Prominent 789 sqm* Commercial 1 Zone landholding, with direct exposure to Kings Way
• Only a stone’s throw away from prominent tourist locations including Crown Casino, MSAC & the CBD
• Complemented by 27 basement car spaces in addition for future value add with the inclusion of a retail tenancy on the ground floor
• Net annual income of $1,421,300* (fully leased)

*This commercial listing item is in conjunctional with Stonebridge Property Group.