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23 Mason Street
Warragul VIC 3820
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Sold on 14 Sep 2017

23 Mason Street Warragul VIC 3820

  • Hotel, Motel, Pub & Leisure
  • 2,500 m²
  • Sold

Securely Leased Hotel Investment

    Wilson Property Residential Commercial Industrial in conjunction with Colliers International
    have been exclusively retained to offer for sale the award winning Mercure Hotel Warragul located at 23 Mason Street, Warragul, Victoria

    The Hotel has been developed in 2015 within a mixed use development, with the hotel providing 47 4 star rated accommodation suites along with meeting rooms, ground floor reception, two bedroom managers residence and various shared amenities. The wider development includes a gymnasium, restaurant, medical suites and extensive car parking.

    Located within the main commercial precinct of Warragul, the hotel in close proximity to the train station, sports grounds, and Princes Highway (M1. Warragul is the main service centre of the West Gippsland region and is experiencing rapid growth in population in recent years. The location provides convenient access to all surrounding regions and destinations including the nearby Baw Baw National Park, Western Port Bay and Lardner Park.

    Securely leased on a 20 year lease term, the hotel is currently returning $570,028 per annum (approx.) with annual CPI increases and further terms beyond the initial lease term. With no direct competition for modern accommodation in the town, Mercure Warragul continues to perform strongly, and will be a secure investment for many years to come.

    Wilson Property
    Wilson Property
    Ground Floor, 62 Church Street
    Traralgon, VIC 3844

    Property Highlights

    Date Sold14 Sep 2017
    Floor Area2,500 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2013835739
    Category
    Last updated  15 Apr 2024
    Map for 23 Mason Street Warragul VIC 3820
    Wilson Property
    Wilson Property
    Ground Floor, 62 Church Street
    Traralgon, VIC 3844

    Property Highlights

    Date Sold14 Sep 2017
    Floor Area2,500 m²
    Land AreaAsk Agent
    ParkingAsk Agent
    Property ID2013835739
    Category
    Last updated  15 Apr 2024

    Listed by

    More about 23 Mason Street Warragul VIC 3820

    23 Mason Street Warragul VIC 3820 is categorized as Hotel, Motel, Pub & Leisure Property. It has a floor area of 2,500 m². The listing ID for this property is 2013835739.

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