83 Mckinnon RoadMckinnon VIC 3204
Property Details for 83 Mckinnon Rd, Mckinnon
Last Listing description (June 2023)
Jones Real Estate is pleased to present 'Willim', 83 McKinnon Road, McKinnon to the market For Sale via Public On-Site Auction on Friday 30th June 2023 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 leader Julien Moussi. Only Hospitality has now amassed almost 30 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 ideally located within the revered bayside suburb of McKinnon, home to young families, primary & secondary schools and an ever-growing workforce which are key performance indicators for a long term sustainable and successful hospitality venue.
Key features of this investment opportunity include:
- This blue-chip 'set and forget' investment is securely leased to the industry leading operator Only Hospitality Group who have almost 30 venues throughout Victoria as well as their own coffee roastery (Inglewood Coffee Roasters).
- 'Willim' is returning $90,000 per annum + GST & Outgoings with 4% fixed annual increases.
- The property is leased on an initial 10-year term until 30th April 2033, with four (4) additional terms of five (5) years.
- Secured by a six (6) month bank guarantee and personal guarantee from Only Hospitality's Director Julien Moussi, further safeguarding the investment.
- The offering is situated upon a substantial corner landholding of 185sqm* and features a newly renovated hospitality venue opportunity with unrivalled visibility to passing traffic.
- The property zoned GRZ2 - General Residential Zone - Schedule 2.
*Approx.
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.
Property History for 83 Mckinnon Rd, Mckinnon, VIC 3204
- 23 Jun 2023Sold for $1,650,000
- 07 Jun 2023Listed for Sale $1,450,000 - $1,595,000
- 17 Nov 2022Sold for $1,106,000
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0About Mckinnon 3204
The size of Mckinnon is approximately 1.6 square kilometres. It has 4 parks covering nearly 5.9% of total area. The population of Mckinnon in 2016 was 6064 people. By 2021 the population was 6878 showing a population growth of 13.4% in the area during that time. The predominant age group in Mckinnon is 10-19 years. Households in Mckinnon are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mckinnon work in a professional occupation.In 2021, 65.60% of the homes in Mckinnon were owner-occupied compared with 68.40% in 2016.
Mckinnon has 3,202 properties. Over the last 5 years, Houses in Mckinnon have seen a 24.07% increase in median value, while Units have seen a 9.38% increase. As at 30 November 2025:
- The median value for Houses in Mckinnon is $1,962,618 while the median value for Units is $866,443.
- Houses have a median rent of $900 while Units have a median rent of $675.
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