Colliers Restructuring Property Services confirm the sale and settlement of Mr Hobson, 9 Waterfront Place, Port Melbourne, on behalf of Receivers and Managers KPMG.

The stunning two-storey, leasehold titled multipurpose hospitality venue, featuring a café, restaurant, and two versitile function rooms accommodating up to 712 patrons, boasts breathtaking views of Port Phillip Bay. Nestled within the iconic Station Pier, Mr Hobson has been secured by a prominent local operator with experience in the precinct.

“The campaign attracted significant interest from both hospitality industry players given the existing infrastructure, and also from those eyeing alternate uses such as education, office, and medical,” said Colliers, Senior Executive, Restructuring Property Services, Nick Garoni.

“Ultimately, a local operator, with capabilities to manage the venue’s future operations, emerged as the ideal buyer, bringing the necessary capital and experience to rejuvinate this prime location,” he added. 

Yvonne Zhou, Colliers Associate Director, Asia Markets | Investment Services added, “We saw a range of diverse hospitality operators, each with unique culinary visions, exploring this opportunity. The bayside precincthas evolved from the Spirit of Tasmania era to now welcoming international cruise lines, making it a dynamic and exciting area.”

Matt Stagg, Head of Investment Services, Victoria commented, “The early phase of 2025 has shown increased confidence in the commercial property sector, buoyed by the promise of an interest rate cut and rising enquiries.”

“The settlement of Mr Hobson alignes perfectly with the new owner’s plans to refurbish the venue and capitalise on the bustling summer trade and the revitalised Station Pier precinct,” he added.