The historic pub, at 226 Nicholson Street, is being sold as freehold vacant possession by the Fermanis family. CBRE’s Will Connolly and Scott Callow have been exclusively appointed to market the property, with Mr Connolly noting the property’s ‘blank canvas’ presents an exciting opportunity for owner operators who have a vision for the hotel’s next phase. 

“Without a doubt, The Retreat Hotel is one of the most affordable freehold pub opportunities currently available in today’s market. Its affordability will allow a greater cross section of buyers to secure the site and utilise the property immediately due to its vacant possession,” Mr Connolly said.

Mr Callow added: “The hotel has an enormous amount of history and cultural significance to the area, so while our priority is achieving the best possible result for our vendor, it’s also important that we respect the property as a local landmark during the entirety of the campaign.”

Built in 1915, the federation styled two-storey pub is situated on a 308 sqm corner block and has Heritage Overlay restrictions. There is, however, flexibility for alternative use due to the Neighbourhood Residential zoning and generous site access. Features of the hotel include a ground floor dining area with an open fireplace, multiple second-storey rooms ideal for office conversion, a commercial kitchen and outdoor space. 

The property is situated just four kilometres outside of the Melbourne CBD and is within close proximity to prominent tourist and sporting locations including Fitzroy Gardens and the MCG.

The Retreat Hotel is to be sold via auction on Friday, March 2, at 12:30pm

To discuss the sale in further detail contact CBRE’s Will Connolly and Scott Callow via the below contact details.

Also, click here to view Will Connolly's profile on The Hotel Conversation.

See also:

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