Mantra MacArthur, 219 Northbourne Avenue, Turner, ACT 2612

Hotel/Leisure

For Sale Contact Agent

  • Property ID: 325277
  • Floor Area: 7297m²
  • Land Area: 964m²
  • Occupancy: Vacant
Leased Hotel Investment in the Nation's Capital

Savills Hotels and JLL Hotels & Hospitality Group are pleased to offer for sale the Mantra MacArthur Hotel Canberra.
- Four star hotel featuring 136 studio, 40 1 & 2 bedroom apartments (total 176 rooms), restaurant & bar, conferencing, gym, retail tenancies
- Midtown Parking Station located at 2 David Street comprising 62 secure underground car parking spaces
- Leased to Mantra Group, a subsidiary of Accor Hotels, for 15 years (plus two 5 year options)
- Estimated 2019 income of $3 million (approx.)
- Prime location on Northbourne Avenue adjacent to the new MacArthur light rail stop
- Site area of 964sqm with total GFA of 7,297sqm (approx.)
- The Hotel is one of Canberra’s newest hotels benefiting from limited further capex requirements and substantial depreciation benefits
- Canberra has one of the strongest economies in Australia, with residents enjoying the highest average level of disposable income of any Australian capital city, together with strong growth in overnight visitors
- Canberra is one of Australia's best performing hotel markets with RevPAR growth of 4.4% through 2018.
The Hotel is being offered for sale by way of an international Expressions of Interest (“EOI”) campaign closing at 4pm Thursday 7 March 2019.
For further information, please contact the exclusive agents Savills or JLL.

Turner Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $336 ---
Offices --- $398 ---
Retail --- $455 ---
This is the average advertised price, rent and yield for Turner, ACT 2612*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
Agency Details

Savills Sydney

Level 7, 50 Bridge Street, Sydney, NSW 2000

View Agency Profile

JLL - Canberra

Level 7, 121 Marcus Clarke Street, Canberra, ACT 2600

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Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Parking - Commercial and private parking spaces available within 500 metres of Mantra MacArthur, 219 Northbourne Avenue, Turner, ACT 2612. Powered by Parkhound. Visit their site to find out about parking spaces available near you.
  • Nearby Cafes - Number of cafes located within 500 metres of Mantra MacArthur, 219 Northbourne Avenue, Turner, ACT 2612. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • Disclaimer - We have obtained all information in this document from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
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