Dinner Plain spa property listed for October auction

Dinner Plain spa property listed for October auction
Dinner Plain spa property listed for October auction

The Victorian Dinner Plain alpine retreat and spa has been listed for sale. 

The property at 125 Big Muster Drive is currently leased by Merlin Entertainment, which is listed on the London Stock Exchange.

Merlin is Europe's largest entertainment company with 115 attractions in 23 countries across four continents.

The Dinner Plain property has a land area of 2040 square metres with a 1,136 square metre floor area.

It has a long 15 year lease to 2022, with the potential for it to be extended to 2032, and a fixed 4% rent increase plus market reviews.

The tenant pays all of the usual expenses including insurance rates and land tax with substantial income tax saving benefits.

The rent is expected to be $828,936 per annum as of March 2017.

A 12 month settlement term is being offered through Castran Real Estate and Burgess Rawson Melbourne.

Tags: 
Leisure Commercial Property Dinner Plain

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