South Melbourne freehold pub for sale for the first time in over 25 years - JLL
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South Melbourne freehold pub for sale for the first time in over 25 years - JLL
South Melbourne freehold pub, The Wayside Inn for sale by Will Connolly and Nick MacFie of JLL Hotels & Hospitality Group.
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JLL Hotels and HospitalityThe Wayside Inn
The freehold opportunity of a long standing South Melbourne pub will be offered to the market for the first time in over 25 years.
JLL Hotels & Hospitality Group has been exclusively appointed to sell The Wayside Inn, located at 446 City Road, South Melbourne. The sale campaign will be led by Will Connolly, Vice President - Investment Sales along with Nick MacFie, Associate - Investment Sales, and offered to the market via Expressions of Interest.
Will Connolly told WILLIAMS MEDIA, “It’s an absolute privilege to be able to present an asset held dear to the one family for over 25 years. Our vendors originally in their ownership operated the hotel, so they certainly have a special connection to the property and have stated they will be sad to see it go”.
“The Wayside Inn comes to the market at a point where we are now seeing the easing of Victoria’s lockdown restrictions, a renewed sense of positivity starting to permeate through our market and record-low interest rates. These conditions should see properties such as the Wayside Inn demand strong interest, especially given the flexibility it offers to varying buyer profiles at an entry level price point,” said Mr Connolly.
The property occupies a prominent 587sqm corner site on the busy intersection of City Road and Ferrars Street, within minutes to the Melbourne CBD and Port Phillip Bay, and a short walk to Crown Casino. The property presents in excellent condition and features a large public bar area, a bistro that flows out onto a courtyard and beer garden, an upstairs function room with a dedicated bar and outdoor rooftop area.
Mr MacFie added, “The property has the benefit of a rare 5:00am liquor licence, presenting the opportunity to pursue a repositioning strategy and fully capitalise on this attribute. However, with its flexible Capital City Zoning, the property also lends itself to numerous conversion or redevelopment opportunities including a multi-tenant conversion ranging anywhere from hospitality, retail or even office space on the first floor.”.
Expressions of Interest close on Friday 12 June at 4:00pm (AEST).
Visit the Wayside Inn Listing and read more about the hotel here.
This is a sponsored feature article.
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