Mantra Hotel Bunbury (Bunbury Hotel Koombana Bay) - SOLD

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Sold for 11,500,000 AUD Date of Sale: October 2012
Rooms: 64
Price Per Room: 179,688 AUD
Property Id : 29202

Opened in December 2008, the 4.5 star Mantra Bunbury Hotel has since developed a formidable reputation as one of the finest hotel offerings in the region.

The premier luxury boutique Hotel features 64 well appointed guest rooms, together with a range of impressive guest amenities including a licensed restaurant and bar, indoor heated swimming pool, day spa and tennis courts. In addition the Property also has basement car parking for 22 vehicles and external car parking for up to 42 vehicles.

The four storey Hotel is part of the iconic Bunbury Silos mixed-use development and is located on the spectacular foreshore of Koombana Bay. This contemporary Hotel provides guests with easy access to Bunbury’s major entertainment, leisure, corporate and retail districts, ensuring the Hotel is strategically positioned to capture the broadest range of market segments.

With limited supply expected to enter this market over the short to medium term, coupled with Western Australia’s extremely positive market fundamentals, an incoming owner will be well positioned to capitalise on the Hotel’s future income growth underpinned by a booming resources sector.

The Hotel is being offered for sale with the benefit of a lease to the Mantra Group – Australia’s second largest hotel operator. With a strong tenant covenant and long remaining lease term (final expiry 2033), an incoming investor has the opportunity to acquire a significant Asset in one of Australia’s key growth markets.

Also available as part of this offering is the Escape Day Spa located within the Hotel component of the Silos development.

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