The Montague Hotel 355 Park Street, South Melbourne VIC 3205
Last Asking Price - $4,000,000
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
No open inspections scheduled.
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*These are approximate values based on available information.
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