St Kilda’s former European Hotel has come to market, providing budding operators the chance to lease a fully refurbished hospitality venue positioned on a dominant corner within the heart of Fitzroy Street. JLL Hotels & Hospitality Group’s Lachlan Persley and Will Connolly will be exclusively marketing the opportunity via Expressions of Interest.

Offering a high-end fit-out throughout, the venue’s extensive facilities include a fully refurbished front bar with outdoor seating to Fitzroy Street, expansive bistro with multiple private dining areas, large commercial kitchen with state-of-the-art plant & equipment, all underpinned by a rare 3am ‘General’ liquor licence and generous 588-patron capacity.

Lachlan Persley, Executive, expects strong interest from varying profiles of hospitality operators due to the identifiable upside in the venue. “A clear opportunity exists for operators to not only inherit a venue requiring minimal CAPEX upon commencement, but to also take advantage of the immediate patronage at the doorstep. The venue shares its location with a thriving backpacker hostel above, offering instant trade, whilst being in the heartland of St Kilda’s high density residential population, providing the opportunity for a keen operator to immerse themselves in the reactivation of Melbourne Bayside’s famous strip”, he commented.

The venue also benefits from its proximity to the famous Albert Park Lake Precinct and St Kilda’s iconic foreshore, and enjoys easy access to major arterial roadways, including St Kilda Road, Punt Road and Beaconsfield Parade. Public transport options abound for patrons including tram services on Fitzroy Street with a tram stop directly opposite the venue and the St Kilda light rail station within easy walking distance.

“Fitzroy Street has seen a recent re-emergence with the reopening of the Saint Hotel to great fanfare, along with the newly established ‘Victorian Pride Centre’, the first purpose-built centre for Australia’s LGBTQ+ communities. Established hospitality venues continuing to thrive such as the ‘Fifth Provence’, ‘Freddie’s’, and the iconic Prince Hotel all setting the stage for an operator to ride the wave of Fitzroy Street’s comeback trail”, Persley concluded.

To request more information please contact one of the marketing agents via the contact details below.