Significantly renovated two years ago, the hotel features an historic façade and a modern Gastro pub fit out, with multiple function areas, state-of-the-art plant and equipment, and 12 boutique hotel rooms on the upper levels.
 
Rorey James and Nic Hage from CBRE’s Melbourne Strip Retail Investments team will steer the sale campaign with Scott Callow and Will Connolly of CBRE Hotels. The property will be offered at an on-site public auction, to be scheduled in the coming weeks.
 
Mr James said the property was prominently situated on the corner of Lygon and Albert Street – a high growth location, with over 1,100 dwellings currently under construction in the immediate area. “This will provide the incoming owner with the opportunity to buy now and benefit from the future growth in this emerging precinct,” Mr James said. “There is a notable lack of competition and high barriers of entry for a hospitality offering of this ilk, which will be another drawcard for prospective purchasers.” 
 
Mr Connolly said many recent Melbourne sales had involved leasehold hotel interests.
 
“In this case, purchasers have an opportunity to buy outright and secure a corner pub which has been significantly renovated,” Mr Connolly said. “This provides an exceptional platform for operators to trade from day one or for investors to acquire a fully fitted hotel in a market where this is significant operator demand.”

For further information about the hotel and sale process email or phone Scott Callow and Will Connolly via the contact details below.

See also:

Get to Know Will Connolly, Manager of CBRE Hotels Victoria

Award-winning hotel for sale in regional Victoria to spark investor contest

The Australian hotel market continues to attract strong levels of foreign capital