The freehold going concern of a boutique hotel at the top end of Clarendon Street in South Melbourne is for sale through LSV Managing Director Michelle Matthews.
The fruits borne from the luxury redevelopment of a South Melbourne pub have been brought to market in the form of the Coppersmith Hotel.
What was formerly the Cricketer's Arms Hotel on Clarendon Street, near the top end of Albert Park Lake, is now on offer as a 15-room boutique hotel with a rooftop terrace, 18-tap bar and modern dining area.
Hassell hospitality were responsible for the transformation of the venue, which was completed in 2014.
Source: LSV Hotels
Selling agent and Managing Director of LSV Hotels, Michelle Matthews, told WILLIAMS MEDIA the freehold going concern of the site represented a worthy addition to an existing hotel portfolio, while also presenting an opportunity to enter the market with a boutique, inner-city offering.
"Not only are the hotel rooms still very current and on trend, but everything has been custom-made within the rooms," she said.
Source: LSV Hotels
"Coppersmith would be perfect and remain as a gastro pub with a strong direction in food and beverage along with the strong performance from the accommodation bookings."
Situtated three kilometres from Melbourne's CBD, the hotel's nearby attractions include the Botanic Gardens, Crown Casino, and the foreshore of the city's Bayside beaches.
Source: LSV Hotels
Ms Matthews said the accommodation had proven popular among groups such as corporates that required CBD proximity without needing to stay within it.
"A lot of people want to be close to the CBD but not actually be in there, and this is the type of place they would look for," she said.
The freehold going concern of 435 Clarendon Street is for sale by Private Negotiation.
For more details, or to book an appointment, email or phone Michelle Matthews of LSV Hotels via the details provided below.
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