Melbourne's Bay Hotel for sale with upcoming Auction in Mordialloc
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Melbourne's Bay Hotel for sale with upcoming Auction in Mordialloc
Mordialloc’s popular Bay Hotel is for sale via an upcoming on-site Auction on June 29th – unlocking a rare beachside opportunity for investors and landbankers.
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CBRE HotelsMelbourne's Bay Hotel for sale with upcoming Auction in Mordialloc -
CBRE HotelsMelbourne's Bay Hotel for sale with upcoming Auction in Mordialloc
CBRE Hotels Scott Callow and Will Connolly have been appointed to market the freehold investment of Mordialloc’s popular Bay Hotel – unlocking a rare beachside opportunity for investors and landbankers.
The 646sqm venue is prominently positioned at 2-6 Centreway, cornering Beach Road, and within metres of Mordialloc Beach.
CBRE’s Will Connolly said the listing will excite the market, as beach facing investments rarely become available.
“The Bay Hotel is a truly premier asset, given its prime Beach Road position and in an extremely sought-after area of Melbourne. This is a chance for investors to secure a prime piece of Beach Road real estate and overlooking Port Phillip Bay,” Mr Connolly said.
“We’re expecting keen interest from a range of potential purchasers including hospitality investors to passive land bankers, who have identified the clear underlying value of the asset and its key location.”
Mr Callow added, “The Bay Hotel comprises open-plan public bar and dining space, an expansive beer garden with indoor-outdoor capability and an impressive function room that offers ocean views. The hotel’s features are complemented by its 1am on-premises liquor licence and dual street frontage onto Beach Road and Centreway.”
“The suburb of Mordialloc has also experienced a significant transformation in recent years to become what is a true Bayside hospitality hotspot, with a number of new bars, restaurant and cafes establishing in the area.”
As well as the property’s frequent refurbishments over the past five years, the future buyer will benefit from the secure, long-term lease to experienced operators, which provides a net rental income circa $330,000 plus outgoings, all underpinned by the site’s Mixed Use zoning.
The Bay Hotel is being offered for sale via an on-site, Public Auction on Friday, June 29 at 12pm.
To discuss the sale in further detail phone or email Will Connolly or Scott Callow via the below contact details.
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