Stonebridge Property Group has the exclusive opportunity to offer for sale, on behalf of the Receivers and Managers, Holiday Inn & Suites (an IHG Brand Hotel) at 28 Spring Street, Bondi Junction NSW 2022.
The property presents an opportunity to secure a 100% leased investment in the heart of Bondi Junction, the retail, leisure, services, and transport hub of Sydney’s eastern suburbs. The tenant has recently refurbished the entire premises and has security of tenure to 2042 via an initial 5-year term followed by 3 x 5-year options.
Key highlights of the opportunity include:
- Valuable eastern suburbs investment
- 100% leased, trading as Holiday Inn & Suites (an IHG Hotel Brand)
- Highly connected Bondi Junction location, just 300m* to the major transport and retail hub of Sydney’s eastern suburbs
- Well-configured building providing 82 hotel suites across individual strata titles, plus substantial common areas/facilities and car parking
- 5 year lease to 2027, plus options to 2042 via an initial 5-year term followed by 3 x 5-year options
- Commencing base rental income $1,500,000 pa* with fixed 3% annual rental reviews
Holiday Inn & Suites, Bondi Junction is for sale by Expressions of Interest.
To obtain further information or to arrange an inspection, please contact the Stonebridge team.