Colliers Restructuring Property Services has been instructed by Receivers and Managers KPMG to offer for sale Mr Hobson, 9 Waterfront Place, Port Melbourne.

The two-storey, multipurpose hospitality venue comprises a café, restaurant and two function rooms that accommodate up to approximately 712 patrons, forming part of the Station Pier with picturesque views of Port Phillip Bay.

The property was developed as part of Mirvac’s award-winning Beacon Cove estate comprising waterfront apartments, luxury houses, courtyard homes and retail and restaurant precincts, located within the popular bayside suburb of Port Melbourne and a short distance from the Bay Street retail precinct.

Colliers selling agent Nick Garoni said, “The asset is ideal for hospitality owner-operators and investors.”

“The building is divided into separate zones, allowing the café and restaurant to be operated independently from the two function areas, enabling the asset to generate multiple revenue streams. The café and restaurant capture weekday trade, while the two function areas may be operated during evenings and weekends, ideal for weddings, parties and corporate functions.”

Matt Stagg, Head of Restructuring Property Services (Victoria), added, “The property is being offered for sale for the first time in approximately 20 years. It provides a rare opportunity to acquire a substantial waterfront hospitality venue, which is fully fitted out and includes two commercial kitchens, ready for immediate operation.”

Mr Hobson, 9 Waterfront Place, Port Melbourne, is being offered for sale as a going concern with a quoting price of around $5 million. The Expressions of Interest campaign will close Wednesday, 12 July 2023 at 12pm.