311-327 Princes Drive & 13 Wicks Crescent Morwell VIC 3840

Burgess Rawson together with Stockdale and Leggo are delighted to present to market the Morwell Hotel ('Top Pub') at 311-327 Princes Drive, Morwell VIC for sale via Investment Portfolio Auction 175 on Wednesday 26 March 2025.

This investment has the following key highlights:

+ 25 year lease to Australian Leisure and Hospitality Group (ALH) to November 2028, plus 4 x 10 year options to 2068.
+ ALH: Australia's Largest Hotelier, wholly owned subsidiary of ASX top 100 company, Endeavour Group.
+ Endeavour Group (ASX:EDV): market cap of $7.09 billion*, comprising a network of 1,675+ retail drink stores and 344* licensed hotels including ALH Hotels, Dan Murphy's and BWS.
+ Significant 1.82ha* landholding with a total frontage of 280m* to Princes Drive and Vincent Road.
+ Commercial 1 Zoning (C1Z) combined with a low site coverage of 15% suits future development (STCA).
+ Full-line modern hotel with public bar, bistro, TAB and gaming area, BWS drive thru and 17-room, 3-star motel.
+ Triple Net Lease structure with the tenant paying outgoings including land tax and structural maintenance.
+ High-profile Princes Drive location with 12,800 vehicles passing daily, strategically nearby the Princes Freeway interchange with 28,000 vehicles passing daily.**
+ Situated within 1km* West from Morwell Train Station, Coles and Commercial Road retail strip, in addition to only 1.5km from Mid Valley Shopping Centre (Big W, Woolworths, ALDI and Bunnings).
+ Morwell: main commercial hub of Greater Latrobe Valley, 75,000+ trade catchment, 145km* from the Melbourne CBD.
+ Net income: $173,235 pa* + GST

To be sold by Investment Portfolio Auction 175
10:30am (AEDT), Wednesday 26 March 2025
Crown Casino, River Room, Melbourne VIC

For more information, please contact Burgess Rawson or Stockdale & Leggo.

Burgess Rawson
Romanor Falconer | 0413 830 808
Raoul Holderhead | 0413 860 304

Stockdale & Leggo
Jim Demetrios | 0419 335 271

*Approx
**GapMaps