47 Marianne Way, Mount Waverley

KEY CORNER FREEHOLD LEASED FOR 10 YEARS TO ONE OF AUSTRALIA’S MOST RENOWNED HOSPITALITY OPERATORS!

Jones Real Estate is pleased to present ‘Hamlet’, 47 Marianne Way, Mount Waverley to the market For Sale via Public On-Site Auction on Thursday 8th December at 10:30am.

This brand-new corner freehold investment is leased to one of Australia’s most renowned hospitality operators, Only Hospitality, and is personally guaranteed by company director and industry titan Julien Moussi. Only Hospitality has now amassed a staggering 25 hospitality venues from ‘Pavilion’ in Geelong, the prestigious ‘Bentwood’ in Fitzroy, ‘Buckley’ in Sorrento and even a multi-level modern Australian pub – ‘Hotel Collingwood’.

The property is situated in the highly sought-after and affluent suburb of Mount Waverley – home to young families, primary & secondary schools in addition to a large commercial workforce, the cornerstone foundations for a long term sustainable and successful hospitality venue.

Key highlights of this opportunity include:

– This blue-chip ‘set and forget’ investment is securely leased to distinguished operator ‘Only Hospitality Group’ who have 25 venues throughout Melbourne and is returning $75,000 per annum + GST & Outgoings.

– An outstanding ten (10) year initial lease until October 2032.

– Four (4) further optional terms of five (5) years potentially securing the property until 2052.

– Secured by a six (6) month bank guarantee and personal guarantee from Only Hospitality’s Director – Julien Moussi, further safeguarding the investment.

– Newly redeveloped into the key corner freehold it is today, offering 216sqm* of building area.

– Favourable Commercial 1 Zoning (C1Z) allowing for long-term redevelopment^.

*Approx.
^ Subject to council approval

For further information regarding this opportunity please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.