Property for sale
Freehold Interest in the Bundoora Hotel, offered to market for the first time in 38 years
Includes:
Triple net lease to ALH Group (Endeavour Group)
96 gaming machines, ranked #6 in Victoria
7,959sqm Commercial 1 landholding
Cropley Commercial, in conjunction with JLL, are pleased to present for sale the Freehold Interest in the Bundoora Hotel, 49 Plenty Road, Bundoora, an exclusive once-in-a-generation opportunity offered to market for the first time in 38 years.
Showcased as the premier gaming and hospitality investment opportunity of 2026, this asset delivers secure income through a triple net lease to ALH Group, Australia's largest pub operator and a subsidiary of ASX-listed Endeavour Group.
Lease summary:
Lessee: Australian Leisure & Hospitality Group Pty Ltd
Current term: 10 years, expiring 30 June 2032
* Further term: one further term of 10 years
* Current net income: $3,002,089 plus GST
* Annual increases: CPI, no less than 2.5% and no more than 5.0%
* Market review on the further term, with a ratchet so rent cannot decrease
Key investment highlights include:
Triple net lease structure delivering absolute income certainty and zero landlord exposure
Securely leased to ALH Group, Australia's largest pub operator and subsidiary of ASX-listed Endeavour Group, with over 350 venues nationwide
Leased until 2032, with one further option of 10 years
Exceptional downside protection with an embedded ratchet clause, ensuring rent can only increase or remain static
Coveted gaming venue with 96 electronic gaming machines, ranked #6 overall in Victoria's top 100 gaming hotels
Prime 7,959sqm* landholding centrally positioned amongst Bundoora's main retail precinct, adjacent to Woolworths and Coles-anchored Bundoora Square
Favourable Commercial 1 Zoning, providing long-term development potential (STCA)
Outstanding high-exposure location with 60,000* daily passing vehicles along Plenty Road
The venue features a large family bistro, multiple function spaces, a sports bar with TAB, a gaming lounge, a kids' room with indoor playground, a BWS drive-thru bottleshop and an extensive commercial kitchen, operating under a Late Night (General) Licence with capacity for 970 patrons.
*Approximately
For sale via Expressions of Interest closing Wednesday 25 November 2026 at 4:00pm AEDT.
For further information on this opportunity, please contact the exclusive selling agents.
For all enquiries, contact:
Stephen Cropley, 0407 886 662
Download the brochure
Property Location
49 Plenty Road, Bundoora
VIC 3083