Sold
POPULAR SOUTH MELBOURNE CORNER
The Montague Hotel 355 Park Street, South Melbourne VIC 3205
Last Asking Price - $4,000,000
RetailSize: n/a
Colliers International and Cropley Commercial are pleased to offer for sale the freehold interest in the Montague Hotel situated on the doorstep of the Melbourne CBD in the fringe suburb of South Melbourne.
The Montague Hotel is a popular local venue with a strong following and an established tenant serving quality food and beverages. Positioned on a prominent corner with extensive dining and service areas, which will continue to service the local community while providing an ideal investment opportunity to an astute investor.
Property Highlights:
City Fringe location in premium residential suburb
Securely leased investment to an experienced tenant
Strong rental upside, market review in late 2022
Quality improvements featuring multiple trading areas
Strong market catchment, with high disposable income driving tenants business performance
Large footpath trading and limited surrounding competition
The property is offered for sale by Expressions of Interest closing Wednesday 14 April at 4pm (AEST).
For further information, please contact our experts listed below.
Guy Wells
0405 612 416
Oliver Hay
0419 528 540
George Iliopulos
0414 374 161
The Montague Hotel is a popular local venue with a strong following and an established tenant serving quality food and beverages. Positioned on a prominent corner with extensive dining and service areas, which will continue to service the local community while providing an ideal investment opportunity to an astute investor.
Property Highlights:
City Fringe location in premium residential suburb
Securely leased investment to an experienced tenant
Strong rental upside, market review in late 2022
Quality improvements featuring multiple trading areas
Strong market catchment, with high disposable income driving tenants business performance
Large footpath trading and limited surrounding competition
The property is offered for sale by Expressions of Interest closing Wednesday 14 April at 4pm (AEST).
For further information, please contact our experts listed below.
Guy Wells
0405 612 416
Oliver Hay
0419 528 540
George Iliopulos
0414 374 161
Inspections
No open inspections scheduled.
Send an enquiry
Contact Guy Wells to learn more about this property, request an inspection or take an online tour.
Key details
Property Type:Retail
Stamp Duty:$219,870*
*These are approximate values based on available information.
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Average Age
37 years
Population
10,920
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Colliers International Melbourne
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Listing ID: 179288646. This listing has been viewed 6 times. It was first displayed on 05/03/2021 and last updated on 23/03/2021.