The Freehold Going Concern of South Melbourne’s mainstay institution, Bells Hotel has come to market, set to be one of this year’s most anticipated offerings within Victoria’s tightly held market. The dynamic venue is being exclusively offered for sale by JLL Hotels & Hospitality Group’s Will Connolly and Lachlan Persley, via International Expressions of Interest.

The offering of Bells Hotel presents an exciting opportunity to be part of the recent resurgence of Melbourne's pub market, traditionally seen as one of the most tightly held, with purchasers having the opportunity to take the reins of a multi-million dollar transformation, meticulously undertaken in recent years.

The truly multi-faceted and high performing operation offers a diverse mix of revenue streams including high volume food & beverage, valuable gaming income via its 40 electronic gaming machines along with significant functions and events income, with the venue’s revered ‘Main Hall’ hosting some of Melbourne’s most exclusive corporate and sporting events.

Will Connolly, Senior Vice President, JLL Hotels, comments “Bells Hotel has firmly established itself as one of Melbourne's most impressive pub offerings given its expansive footprint and voluminous trading zones, presenting a remarkable trading potential that truly sets it apart. We are thrilled to introduce this highly coveted opportunity to the market and anticipate strong interest from a diverse profile of buyer including our country’s largest hospitality groups, large-scale Melbourne based operators, along with astute investors identifying the significant, inner-city land-banking opportunity the asset provides.”.

With twelve distinct spaces which includes the breathtaking open-air ‘Rooftop’ boasting panoramic views of Melbourne’s skyline, Bells Hotel offers a diverse range of experiences to cater to South Melbourne’s ever-evolving demographic.

Strategically located on a commanding corner position at the busy intersection of Moray and Coventry Streets, the property boasts an impressive dual street frontage of over 60 metres, a separate laneway access, and is underpinned by a commanding total site area of 1,161sqm, providing substantial underlying land value.

Popular Melbourne publican and long term owner, Sam Tresise, comments "Our goal from the outset was to create a lifestyle, entertainment, event, food and sports experience all in one precinct and I am so proud of the team who have delivered all of this time and time again. It’s literally a 'choose your own adventure' any day of the week. It’s been an wonderful journey so far and we look forward to delivering this incredible venue to its next custodian”.

Bells Hotel has cemented its reputation as one of Melbourne’s most dynamic F&B, gaming, entertainment and event venues. With its blue chip location, substantial land value, extensive refurbishments and iconic status, Bells Hotel presents a rare and highly sought-after opportunity in the beating heart of inner-city Melbourne.

The Freehold Going Concern interest in Bells Hotel is offered to market via International Expressions of Interest closing on Thursday 22 August 2024 at 12:00pm.

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