The Essendon Hotel 914-918 Mt Alexander Rd 5,651 SF Retail Building Essendon, VIC 3040 For Sale

914-918 Mt Alexander Road represents an iconic freehold investment opportunity in the vibrant Essendon retail and hospitality precinct. The property comprises a recently refurbished two-level hospitality venue fully leased to The Essendon Hotel under a secure 5-year lease expiring in 2029, with further options to 2049. This guaranteed income stream is underpinned by annual fixed compounding rent reviews and open market adjustments at option periods, establishing strong investor confidence and ongoing rental uplift potential.
The asset boasts a generous floor area of approximately 525 sqm across two levels on a prime Commercial 1 Zoned landholding of 353 sqm with prominent 10-metre frontage to Mt Alexander Road and additional rear ROW access. Positioned within a high-profile lifestyle precinct, the property benefits from strong footfall, excellent public transport connectivity including tram and rail within walking distance, and proximity to key amenities such as major retail nodes, schools, Moonee Valley Racecourse, and the Maribyrnong River.
With significant capital invested in the expert refurbishment completed in 2019, including upgraded kitchen, bar, and function facilities, the property requires minimal near-term capital expenditure. This offering delivers investors a secure, long-term income profile with a premium covenant in a thriving metropolitan location.