Leasehold Interest of Captain Melville, widely recognised as the Melbourne CBD’s longest standing pub for sale by Lachlan Persley and Will Connolly of JLL’s Victorian Pubs team.
JLL Hotels & Hospitality Group is pleased to offer for sale the Leasehold Interest of Captain Melville, widely recognised as the Melbourne CBD’s longest standing pub.
Offered to the market on behalf of long-term owners of 15 years, the sale campaign is being managed exclusively by Lachlan Persley, Executive and Will Connolly, Senior Vice President of JLL’s Victorian Pubs team.
The stunning bluestone building is surrounded by a plethora of accommodation hotels, commercial buildings and universities within the northern end of Melbourne’s CBD, and benefits from its strategic location directly opposite the Metro Tunnel Project’s new State Library Station, currently under construction. Current patronage derives from office workers, tourists, trades people from surrounding construction and hospitality workers, all taking advantage of it’s valuable 24-hour liquor licence.
With the current owners tastefully refurbishing throughout in recent years, taking care to respect the historical importance of the building, Breathe Architecture were engaged for the fit-out, with their design influenced by the gold rush and mass immigration of the time. “We worked closely with the designers to deliver a unique fit-out that was erected from materials that were on hand during the time of the gold rush and this became the framework throughout the process”, said Paul Scanlan, Owner, Captain Melville.
The business operates numerous trading areas over two floors comprising a large public bar with alfresco dining, generous indoor courtyard, function areas and private bars upstairs with direct access to the extensive balcony overlooking the streetscape. The pub benefits from an extremely rare 24-hour liquor licence and a generous patron capacity of 355.
With Lachlan Persley expecting interested parties to identify the genuine upside the venue offers ; “Captain Melville is currently enjoying a post-COVID resurgence, and once the new State Library Station is open to the public, the immediate area will greatly benefit from the huge uplift in pedestrian traffic, which will no doubt translate into increased revenue for the hotel”.
The Leasehold Interest in Captain Melville is being offered exclusively for sale by Private Treaty.