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POPULAR SOUTH MELBOURNE CORNER
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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

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.
Colliers International Melbourne

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Property history
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Suburb and property insights

Median salesMedian sales
 
Average Age
37 years
Population
10,920
South Melbourne's Property Profile
South Melbourne's Occupancy

Contact agents

Colliers International Melbourne

Colliers International Melbourne

View agency details
Guy WellsColliers International Melbourne
Tom IsakssonColliers 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.